The Baldwin Insurance Group (NASDAQ:BWIN) Earns “Strong-Buy” Rating from Raymond James

Raymond James restated their strong-buy rating on shares of The Baldwin Insurance Group (NASDAQ:BWINFree Report) in a research report report published on Wednesday, Benzinga reports. Raymond James currently has a $45.00 price target on the stock, up from their prior price target of $40.00.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $33.68 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The Baldwin Insurance Group has a 12-month low of $17.33 and a 12-month high of $35.46. The company has a market capitalization of $3.96 billion, a P/E ratio of -36.61, a PEG ratio of 0.90 and a beta of 1.54.

Insider Activity

In other news, Director Lowry Baldwin sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $34.10, for a total value of $4,262,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 22.65% of the company’s stock.

The 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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