Baldwin Insurance Group (NASDAQ:BWIN) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Baldwin Insurance Group (NASDAQ:BWIN) from a hold rating to a sell rating in a research report released on Saturday.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group raised 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 report on Friday, April 11th. BMO Capital Markets cut their price objective on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, June 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $45.00 price objective (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company raised 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 report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.83.

Baldwin Insurance Group Price Performance

BWIN stock opened at $39.91 on Friday. The firm has a 50 day moving average of $39.90 and a 200-day moving average of $40.57. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. Baldwin Insurance Group has a 12 month low of $32.54 and a 12 month high of $55.82. The firm has a market capitalization of $4.73 billion, a P/E ratio of -76.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.65.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, Director Lowry Baldwin sold 62,500 shares of Baldwin Insurance Group stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $39.00, for a total transaction of $2,437,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Morgan Roche sold 21,035 shares of Baldwin Insurance Group stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $40.05, for a total transaction of $842,451.75. Following the transaction, the insider now directly owns 117,962 shares in the company, valued at $4,724,378.10. This trade represents a 15.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 451,380 shares of company stock worth $17,731,131 over the last three months. 18.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. KBC Group NV raised its stake 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 acquiring an additional 396 shares in the last quarter. US Bancorp DE raised its stake 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 acquiring an additional 450 shares in the last quarter. Toth Financial Advisory Corp raised its stake 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 acquiring an additional 550 shares in the last quarter. PNC Financial Services Group Inc. raised its stake 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 acquiring an additional 700 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake 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 acquiring an additional 700 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

About Baldwin Insurance Group

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.