Baldwin Insurance Group (NASDAQ:BWIN) Hits New 52-Week Low – Here’s What Happened

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares hit a new 52-week low during trading on Monday . The company traded as low as $18.57 and last traded at $18.8510, with a volume of 376982 shares traded. The stock had previously closed at $19.57.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BWIN shares. JPMorgan Chase & Co. reduced their price objective on 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. BMO Capital Markets cut their target price on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Thursday, December 4th. UBS Group lowered their price target on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Jefferies Financial Group reiterated a “hold” rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.83.

Baldwin Insurance Group Price Performance

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 business’s 50 day moving average price is $24.30 and its 200 day moving average price is $27.70. The stock has a market capitalization of $2.10 billion, a P/E ratio of -41.14, a price-to-earnings-growth ratio of 0.71 and a beta of 1.33.

Insiders Place Their Bets

In other news, insider James Morgan Roche sold 80,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.03, for a total transaction of $1,922,400.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 255,000 shares of company stock worth $6,119,000. 20.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in shares of Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after purchasing an additional 1,053 shares during the period. MTM Investment Management LLC bought a new position in shares of Baldwin Insurance Group in the 2nd quarter worth approximately $30,000. Dorato Capital Management purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd bought a new stake in Baldwin Insurance Group during the third quarter valued at approximately $39,000. Finally, AlphaQuest LLC increased its holdings in Baldwin Insurance Group by 249.2% during the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after buying an additional 1,393 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

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.