Wells Fargo & Company Lowers The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $33.00

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

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reduced their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN opened at $39.19 on Wednesday. The company has a market cap of $4.61 billion, a P/E ratio of -62.11, a P/E/G ratio of 1.17 and a beta of 1.63. The firm’s 50 day moving average is $39.82 and its two-hundred day moving average is $44.63. The Baldwin Insurance Group has a fifty-two week low of $26.08 and a fifty-two week high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Transactions at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the transaction, the insider now directly owns 232,570 shares of the company’s stock, valued at approximately $10,507,512.60. The trade was a 45.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

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