Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Consensus Rating of “Hold” from Brokerages

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has earned an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $33.8333.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. UBS Group cut their price objective on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. BMO Capital Markets decreased their target price on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, December 4th. Zacks Research cut Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $16.53 on Friday. The firm has a market capitalization of $1.96 billion, a PE ratio of -38.44, a P/E/G ratio of 0.60 and a beta of 1.33. The stock’s 50 day moving average is $22.75 and its 200 day moving average is $26.38. 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.

Insider Activity

In related news, insider James Morgan Roche sold 100,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the sale, the insider directly owned 122,113 shares of the company’s stock, valued at approximately $2,955,134.60. This represents a 45.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 255,000 shares of company stock valued at $6,119,000. 18.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

A number of institutional investors have recently made changes to their positions in BWIN. William Blair Investment Management LLC raised its stake in shares of Baldwin Insurance Group by 47.8% in the fourth quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after purchasing an additional 2,439,118 shares during the last quarter. Vanguard Group Inc. raised its position in Baldwin Insurance Group by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 6,851,874 shares of the company’s stock worth $164,651,000 after buying an additional 287,241 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in Baldwin Insurance Group by 20.3% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock valued at $110,467,000 after acquiring an additional 659,433 shares during the period. Capital International Investors boosted its holdings in shares of Baldwin Insurance Group by 15.0% during the 4th quarter. Capital International Investors now owns 3,618,132 shares of the company’s stock valued at $86,944,000 after acquiring an additional 472,703 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Baldwin Insurance Group by 25.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,873,887 shares of the company’s stock worth $69,060,000 after acquiring an additional 579,936 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

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.