The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Cut to $39.00 by Analysts at JPMorgan Chase & Co.

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $46.00 to $39.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 4.14% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company lowered their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods decreased their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock traded up $0.83 on Wednesday, reaching $40.69. The stock had a trading volume of 334,273 shares, compared to its average volume of 466,133. The business’s 50 day moving average is $39.81 and its two-hundred day moving average is $44.61. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market cap of $4.78 billion, a P/E ratio of -63.49, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The Baldwin Insurance Group has a 1 year low of $26.08 and a 1 year high of $55.82.

Insider Buying and Selling

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 20.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Baldwin Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $3,353,000. Continuum Advisory LLC bought a new position in The Baldwin Insurance Group during the fourth quarter worth $75,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $6,894,000. Westwood Holdings Group Inc. acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $77,164,000. Finally, Two Sigma Investments LP acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter worth approximately $1,529,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

About The 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.