Short Interest in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Grows By 9.1%

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,190,000 shares, an increase of 9.1% from the January 15th total of 3,840,000 shares. Approximately 6.3% of the shares of the company are short sold. Based on an average daily trading volume, of 543,200 shares, the days-to-cover ratio is currently 7.7 days.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of The Baldwin Insurance Group stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the transaction, the insider now owns 232,570 shares of the company’s stock, valued at $10,507,512.60. The trade was a 45.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.14% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $6,894,000. Westwood Holdings Group Inc. bought a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $77,164,000. Two Sigma Investments LP bought a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $1,529,000. State of Wyoming purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $82,000. Finally, Select Equity Group L.P. bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $1,308,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BWIN shares. Wells Fargo & Company reduced their price target on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered 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 report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, January 10th. One investment 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $41.69 on Tuesday. The Baldwin Insurance Group has a 12 month low of $25.50 and a 12 month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $40.01 and a two-hundred day simple moving average of $44.68. The firm has a market capitalization of $4.90 billion, a P/E ratio of -65.14, a P/E/G ratio of 1.19 and a beta of 1.63.

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.