Baldwin Insurance Group (NASDAQ:BWIN) Upgraded by Wall Street Zen to Hold Rating

Baldwin Insurance Group (NASDAQ:BWINGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other brokerages have also recently issued reports on BWIN. BMO Capital Markets decreased 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 note on Friday, June 13th. Jefferies Financial Group lifted their price objective on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, April 11th. 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 research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $45.00 price objective (up from $39.00) on shares of Baldwin Insurance Group in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.83.

Read Our Latest Stock Analysis on Baldwin Insurance Group

Baldwin Insurance Group Stock Up 0.8%

Shares of BWIN opened at $42.70 on Friday. Baldwin Insurance Group has a 12 month low of $34.22 and a 12 month high of $55.82. The firm’s 50 day moving average is $39.89 and its 200-day moving average is $40.49. The stock has a market capitalization of $5.06 billion, a PE ratio of -82.12, a P/E/G ratio of 1.66 and a beta of 1.65. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 13,340 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $40.02, for a total value of $533,866.80. Following the sale, the insider now owns 104,622 shares in the company, valued at $4,186,972.44. This trade represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lowry Baldwin sold 62,500 shares of Baldwin Insurance Group stock in a transaction on Monday, May 12th. The stock was sold at an average price of $39.00, for a total transaction of $2,437,500.00. 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 quarter. Corporate insiders own 18.51% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

A number of hedge funds have recently modified their holdings of the business. KBC Group NV lifted its holdings in shares of Baldwin Insurance Group by 12.1% during the first quarter. KBC Group NV now owns 3,675 shares of the company’s stock worth $164,000 after purchasing an additional 396 shares during the period. US Bancorp DE lifted its holdings in shares of Baldwin Insurance Group by 6.5% during the first quarter. US Bancorp DE now owns 7,337 shares of the company’s stock worth $328,000 after purchasing an additional 450 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of Baldwin Insurance Group by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company’s stock worth $775,000 after purchasing an additional 550 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Baldwin Insurance Group by 5.7% during the first quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company’s stock worth $582,000 after purchasing an additional 700 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

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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.

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Analyst Recommendations for Baldwin Insurance Group (NASDAQ:BWIN)

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