Wells Fargo & Company Issues Pessimistic Forecast for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price lowered by Wells Fargo & Company from $38.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 15.79% from the company’s previous close.

Several other research analysts have also commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of 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. JPMorgan Chase & Co. decreased their target price on 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. 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 given a strong buy rating to the company. Based on data from MarketBeat, The Baldwin Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $44.67.

The Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $39.19 on Wednesday. The stock has a market capitalization of $4.61 billion, a PE ratio of -62.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The business’s fifty day moving average price is $39.82 and its 200 day moving average price is $44.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group has a 12-month low of $26.08 and a 12-month high of $55.82.

Insider Buying and Selling at The Baldwin Insurance Group

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

Institutional Trading of The Baldwin Insurance Group

Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $5,115,000. JPMorgan Chase & Co. increased its stake in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares during the period. Diversified Trust Co bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $788,000. Harbor Capital Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $2,000,000. Finally, Peapack Gladstone Financial Corp bought a new position in shares of The Baldwin Insurance Group in the third quarter valued at approximately $263,000. 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.