The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.50.

A number of brokerages have weighed in on BWIN. Keefe, Bruyette & Woods cut their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company cut their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now directly owns 8,813 shares of the company’s stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lowry Baldwin sold 34,901 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares of the company’s stock, valued at $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

A number of large investors have recently made changes to their positions in BWIN. FMR LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $325,535,000. Vanguard Group Inc. acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $255,331,000. William Blair Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $190,218,000. Bamco Inc. NY acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $116,668,000. Finally, Capital International Investors acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $99,040,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Performance

BWIN stock opened at $39.95 on Friday. The company has a market capitalization of $4.70 billion, a P/E ratio of -62.42, a PEG ratio of 1.17 and a beta of 1.72. The company has a 50-day simple moving average of $39.99 and a 200 day simple moving average of $44.41. The Baldwin Insurance Group has a fifty-two week low of $26.08 and a fifty-two week high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

The Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.