Baldwin Insurance Group (NASDAQ:BWIN) Coverage Initiated at TD Cowen

Stock analysts at TD Cowen initiated coverage on shares of Baldwin Insurance Group (NASDAQ:BWIN) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

Several other research analysts have also recently issued reports on BWIN. Wells Fargo & Company raised their target price on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. 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 note on Wednesday, January 7th. BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a report on Thursday, December 4th. Jefferies Financial Group restated a “hold” rating and issued a $28.00 target price on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Finally, Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.83.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $16.60 on Wednesday. Baldwin Insurance Group has a twelve month low of $15.88 and a twelve month high of $47.15. The company’s 50 day moving average is $22.49 and its 200 day moving average is $26.07. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45. The company has a market cap of $1.97 billion, a PE ratio of -38.60, a price-to-earnings-growth ratio of 0.61 and a beta of 1.33.

Insider Buying and Selling at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 100,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the completion of the transaction, the insider owned 122,113 shares in the company, valued at $2,955,134.60. This represents a 45.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 255,000 shares of company stock worth $6,119,000. Corporate insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in Baldwin Insurance Group by 666.5% in 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 last quarter. MTM Investment Management LLC acquired a new stake in shares of Baldwin Insurance Group in the second quarter valued at about $30,000. Dorato Capital Management acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at about $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Baldwin Insurance Group in the third quarter worth about $39,000. Finally, Wealth Preservation Advisors LLC acquired a new position in Baldwin Insurance Group during the fourth quarter worth about $46,000. Hedge funds and other 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.