Baldwin Insurance Group (NASDAQ:BWIN) Upgraded at Wall Street Zen

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

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company upped their price objective on Baldwin Insurance Group from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. lowered their price target on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. UBS Group dropped their price objective on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Finally, Jefferies Financial Group restated a “hold” rating and set a $28.00 target price on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.83.

Baldwin Insurance Group Stock Down 9.6%

Shares of Baldwin Insurance Group stock opened at $17.69 on Friday. The company has a 50-day simple moving average of $24.10 and a two-hundred day simple moving average of $27.54. The stock has a market capitalization of $2.10 billion, a PE ratio of -41.14, a price-to-earnings-growth ratio of 0.71 and a beta of 1.33. Baldwin Insurance Group has a 52-week low of $17.66 and a 52-week high of $47.15. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15.

Insider Buying and Selling at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 100,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $24.20, for a total value of $2,420,000.00. Following the transaction, the insider owned 122,113 shares in the company, valued at $2,955,134.60. This represents a 45.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 255,000 shares of company stock valued at $6,119,000. 20.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Baldwin Insurance Group by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock worth $1,795,000 after acquiring an additional 2,309 shares during the last quarter. Millennium Management LLC lifted its position in Baldwin Insurance Group by 371.9% during the first quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock valued at $11,384,000 after purchasing an additional 200,754 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock valued at $495,000 after purchasing an additional 700 shares during the period. Goldman Sachs Group Inc. increased its position in Baldwin Insurance Group by 3.6% in the first quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after buying an additional 13,058 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Baldwin Insurance Group by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock worth $8,475,000 after buying an additional 11,768 shares during the period. 77.49% of the stock is currently owned by institutional investors.

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.