Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $33.83 Average Target Price from Analysts

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $33.8333.

BWIN has been the topic of several recent research reports. BMO Capital Markets cut their target price on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, December 4th. UBS Group reduced their target price on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Wall Street Zen upgraded shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $16.94 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. Baldwin Insurance Group has a 52 week low of $15.88 and a 52 week high of $47.15. The firm has a market cap of $2.01 billion, a PE ratio of -39.39, a price-to-earnings-growth ratio of 0.61 and a beta of 1.33. The firm’s fifty day moving average is $22.38 and its 200-day moving average is $26.01.

Insiders Place Their Bets

In other news, insider James Morgan Roche sold 80,000 shares of Baldwin Insurance Group stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.03, for a total value of $1,922,400.00. Following the completion of the transaction, the insider directly owned 42,113 shares of the company’s stock, valued at approximately $1,011,975.39. This trade represents a 65.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 255,000 shares of company stock worth $6,119,000. Company insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its holdings in shares of Baldwin Insurance Group by 29.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after buying an additional 419 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Baldwin Insurance Group by 4.8% during the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after acquiring an additional 470 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Baldwin Insurance Group by 3.9% in the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after purchasing an additional 504 shares during the period. Cetera Trust Company N.A increased its stake in Baldwin Insurance Group by 10.1% in the second quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock valued at $258,000 after purchasing an additional 555 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Baldwin Insurance Group by 0.9% during the second quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock valued at $2,650,000 after purchasing an additional 555 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Baldwin Insurance Group Company Profile

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.