The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Lowered to $33.00 at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target cut by Wells Fargo & Company from $38.00 to $33.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an underweight rating on the stock.

BWIN has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price target on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Stock Up 2.9 %

Shares of BWIN stock opened at $41.14 on Wednesday. The stock’s 50 day simple moving average is $39.88 and its 200 day simple moving average is $44.55. The Baldwin Insurance Group has a twelve month low of $26.08 and a twelve month high of $55.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -64.28, a PEG ratio of 1.17 and a beta of 1.63.

Insider Buying and Selling

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the transaction, the general counsel now owns 8,813 shares of the company’s stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 291,906 shares of company stock valued at $12,955,475. 20.14% of the stock is owned by company insiders.

Institutional Trading of The Baldwin Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC acquired a new stake in The Baldwin Insurance Group during the third quarter worth $29,447,000. JPMorgan Chase & Co. lifted its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after acquiring an additional 1,175,484 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in shares of The Baldwin Insurance Group during the 3rd quarter valued at about $263,000. Confluence Investment Management LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $16,747,000. Finally, Diversified Trust Co acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $788,000. 77.49% of the stock is currently owned by 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.