Baldwin Insurance Group (NASDAQ:BWIN) Coverage Initiated by Analysts at TD Cowen

TD Cowen started coverage on shares of Baldwin Insurance Group (NASDAQ:BWIN) in a research report released on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating on the stock.

BWIN has been the subject of a number of other reports. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Jefferies Financial Group reissued a “hold” rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, December 15th. Zacks Research downgraded shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Wells Fargo & Company upped their target price on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Finally, UBS Group dropped their price target on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Baldwin Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $33.83.

Baldwin Insurance Group Stock Up 2.0%

BWIN stock opened at $16.94 on Wednesday. Baldwin Insurance Group has a twelve month low of $15.88 and a twelve month high of $47.15. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.45. The company has a market cap of $2.01 billion, a PE ratio of -39.39, a price-to-earnings-growth ratio of 0.61 and a beta of 1.33. The business’s 50-day simple moving average is $22.38 and its 200 day simple moving average is $26.01.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 100,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $24.20, for a total value of $2,420,000.00. Following the transaction, the insider directly owned 122,113 shares in the company, valued at $2,955,134.60. The trade was a 45.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 255,000 shares of company stock worth $6,119,000. Company insiders own 18.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BWIN. New York State Common Retirement Fund grew its holdings in Baldwin Insurance Group by 422.6% during the 2nd quarter. New York State Common Retirement Fund now owns 257,384 shares of the company’s stock worth $11,019,000 after acquiring an additional 208,137 shares during the last quarter. Fenimore Asset Management Inc lifted its position in shares of Baldwin Insurance Group by 44.3% during the third quarter. Fenimore Asset Management Inc now owns 507,057 shares of the company’s stock worth $14,304,000 after purchasing an additional 155,654 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Baldwin Insurance Group by 8.0% during the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock worth $82,218,000 after purchasing an additional 142,506 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Baldwin Insurance Group by 84.0% during the second quarter. Envestnet Asset Management Inc. now owns 201,557 shares of the company’s stock valued at $8,629,000 after purchasing an additional 91,991 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Baldwin Insurance Group by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 866,083 shares of the company’s stock valued at $37,077,000 after purchasing an additional 29,137 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.