The Baldwin Insurance Group (NASDAQ:BWIN) Given New $39.00 Price Target at JPMorgan Chase & Co.

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price cut by JPMorgan Chase & Co. from $46.00 to $39.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 4.14% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods dropped their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company dropped their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Stock Up 2.1 %

Shares of NASDAQ BWIN traded up $0.83 during mid-day trading on Wednesday, reaching $40.69. 334,273 shares of the company were exchanged, compared to its average volume of 466,133. The firm has a 50-day moving average of $39.81 and a 200 day moving average of $44.61. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of -63.49, a P/E/G ratio of 1.17 and a beta of 1.63. 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 1 year low of $26.08 and a 1 year high of $55.82.

Insider Buying and Selling

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of institutional investors have recently added to or reduced their stakes in BWIN. Public Employees Retirement System of Ohio bought a new stake in The Baldwin Insurance Group during the 4th quarter worth about $3,353,000. Continuum Advisory LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $75,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $6,894,000. Westwood Holdings Group Inc. bought a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $77,164,000. Finally, Two Sigma Investments LP bought a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $1,529,000. 77.49% of the stock is owned by institutional investors and hedge funds.

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.