Analysts Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Target Price at $44.83

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $44.83.

A number of research firms recently weighed in on BWIN. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Jefferies Financial Group upped their target price on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, April 11th. JPMorgan Chase & Co. restated a “neutral” rating and set a $45.00 target price (up from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on shares of Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, April 10th. Finally, BMO Capital Markets dropped their price objective on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, June 13th.

Insider Activity

In other news, insider James Morgan Roche sold 3,572 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88. Following the completion of the transaction, the insider now owns 86,828 shares of the company’s stock, valued at $3,476,593.12. This represents a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lowry Baldwin sold 62,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $38.32, for a total transaction of $2,395,000.00. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock worth $17,731,131 over the last three months. 18.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Baldwin Insurance Group

A number of institutional investors have recently modified their holdings of BWIN. Rhumbline Advisers boosted its stake in shares of Baldwin Insurance Group by 3.9% during the 1st quarter. Rhumbline Advisers now owns 93,160 shares of the company’s stock valued at $4,163,000 after buying an additional 3,478 shares during the last quarter. Strs Ohio acquired a new stake in Baldwin Insurance Group during the first quarter worth about $72,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Baldwin Insurance Group by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock valued at $8,475,000 after acquiring an additional 11,768 shares during the period. Goldman Sachs Group Inc. boosted its position in Baldwin Insurance Group by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock valued at $16,964,000 after purchasing an additional 13,058 shares during the period. Finally, Select Equity Group L.P. raised its holdings in shares of Baldwin Insurance Group by 377.8% during the first quarter. Select Equity Group L.P. now owns 161,226 shares of the company’s stock valued at $7,205,000 after buying an additional 127,485 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Trading Up 3.8%

NASDAQ BWIN opened at $39.36 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $4.66 billion, a PE ratio of -75.69, a P/E/G ratio of 1.45 and a beta of 1.65. The company has a fifty day moving average of $40.06 and a 200 day moving average of $40.77. Baldwin Insurance Group has a 1 year low of $32.46 and a 1 year high of $55.82.

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.