Baldwin Insurance Group (NASDAQ:BWIN) Upgraded by Wall Street Zen to Hold Rating

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

Several other equities analysts have also recently commented on BWIN. JPMorgan Chase & Co. decreased their price target on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. BMO Capital Markets lowered their target price on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, December 4th. UBS Group reduced their price target 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. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $28.00 price objective on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Baldwin Insurance Group currently has a consensus rating of “Hold” and an average price target of $33.83.

Baldwin Insurance Group Stock Up 4.3%

Shares of NASDAQ:BWIN opened at $19.57 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of -45.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.33. Baldwin Insurance Group has a 1 year low of $18.63 and a 1 year high of $47.15. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s 50-day moving average is $24.30 and its two-hundred day moving average is $27.79.

Insider Buying and Selling at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 80,000 shares of the company’s 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 sale, the insider directly owned 42,113 shares of the company’s stock, valued at $1,011,975.39. This represents a 65.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 255,000 shares of company stock valued at $6,119,000. 18.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Several large investors have recently modified their holdings of BWIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Baldwin Insurance Group by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock valued at $1,795,000 after acquiring an additional 2,309 shares during the period. Millennium Management LLC grew its position in Baldwin Insurance Group by 371.9% during the 1st quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock worth $11,384,000 after purchasing an additional 200,754 shares during the last quarter. NewEdge Advisors LLC increased its stake in Baldwin Insurance Group by 6.7% in 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 stake 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 valued at $16,964,000 after purchasing an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $8,475,000 after buying an additional 11,768 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

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.