The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Cut to $39.00 by Analysts at JPMorgan Chase & Co.

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target cut by JPMorgan Chase & Co. from $46.00 to $39.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also commented on BWIN. Keefe, Bruyette & Woods dropped their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company dropped their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a report on Wednesday. One 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.50.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN opened at $40.61 on Wednesday. The firm has a fifty day simple moving average of $39.81 and a two-hundred day simple moving average of $44.61. The Baldwin Insurance Group has a 52 week low of $26.08 and a 52 week high of $55.82. 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 stock has a market capitalization of $4.78 billion, a P/E ratio of -63.45, a PEG ratio of 1.17 and a beta of 1.63.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 20.14% of the stock is owned by insiders.

Hedge Funds Weigh In On The Baldwin Insurance Group

Large investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter worth about $33,000. TD Waterhouse Canada Inc. bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at about $36,000. Assetmark Inc. purchased a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

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.