The Baldwin Insurance Group (NASDAQ:BWIN) Now Covered by BMO Capital Markets

Research analysts at BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group (NASDAQ:BWIN) in a research report issued to clients and investors on Thursday,Benzinga reports. The firm set an “outperform” rating and a $53.00 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 18.73% from the stock’s current price.

BWIN has been the topic of several other research reports. Keefe, Bruyette & Woods dropped 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 report on Friday, January 10th. JPMorgan Chase & Co. lowered their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price objective 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, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.86.

The Baldwin Insurance Group Trading Down 3.8 %

Shares of BWIN stock opened at $44.64 on Thursday. The Baldwin Insurance Group has a 12 month low of $31.47 and a 12 month high of $55.82. The company has a market cap of $5.25 billion, a PE ratio of -69.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $41.11 and its two-hundred day moving average is $44.16.

Insiders Place Their Bets

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares of the company’s stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the sale, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. This represents a 54.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BWIN. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at $33,000. TD Waterhouse Canada Inc. bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $36,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $38,000. Finally, Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.