Short Interest in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Increases 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. Based on an average trading volume of 543,200 shares, the short-interest ratio is presently 7.7 days. Currently, 6.3% of the shares of the company are sold short.

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

Institutional investors have recently bought and sold shares of the stock. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $33,000. TD Waterhouse Canada Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $36,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Performance

BWIN stock traded up $0.09 during trading on Monday, hitting $41.69. 541,995 shares of the company’s stock traded hands, compared to its average volume of 456,801. 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 stock has a fifty day moving average price of $40.01 and a two-hundred day moving average price of $44.68. The Baldwin Insurance Group has a 52 week low of $25.50 and a 52 week high of $55.82. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -65.14, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63.

Wall Street Analysts Forecast Growth

BWIN has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased 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 research report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.50.

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.