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

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

A number of other research firms have also commented on BWIN. JPMorgan Chase & Co. reduced their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their price target 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Trading Up 2.9 %

Shares of NASDAQ BWIN opened at $41.14 on Wednesday. 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 Baldwin Insurance Group has a 12 month low of $26.08 and a 12 month high of $55.82. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -64.28, a P/E/G ratio of 1.17 and a beta of 1.63. The business has a fifty day simple moving average of $39.88 and a 200-day simple moving average of $44.55.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the sale, the insider now directly owns 232,570 shares in the company, valued at approximately $10,507,512.60. This trade represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 291,906 shares of company stock valued at $12,955,475 in the last 90 days. 20.14% of the stock is currently owned by corporate insiders.

Institutional Trading of The Baldwin Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter worth about $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $33,000. TD Waterhouse Canada Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $36,000. Assetmark Inc. bought a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $44,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Company Profile

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.