Baldwin Insurance Group (NASDAQ:BWIN) Reaches New 1-Year Low Following Analyst Downgrade

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) hit a new 52-week low during trading on Monday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $18.57 and last traded at $18.8510, with a volume of 376982 shares. The stock had previously closed at $19.57.

Other equities analysts also recently issued research reports about the company. UBS Group decreased their price target on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Wall Street Zen raised Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their target price 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. Jefferies Financial Group reaffirmed 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, Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Baldwin Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $33.83.

Insider Activity

In other Baldwin Insurance Group news, insider James Morgan Roche sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 122,113 shares in the company, valued at approximately $2,955,134.60. This trade represents a 45.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 255,000 shares of company stock valued at $6,119,000 over the last quarter. Company insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

Several large investors have recently made changes to their positions in BWIN. First Horizon Advisors Inc. grew its holdings in shares of Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after purchasing an additional 419 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Baldwin Insurance Group by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock valued at $443,000 after buying an additional 470 shares during the period. PNC Financial Services Group Inc. grew its stake in Baldwin Insurance Group by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after acquiring an additional 504 shares in the last quarter. Cetera Trust Company N.A grew its stake in Baldwin Insurance Group by 10.1% in the 2nd quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock worth $258,000 after acquiring an additional 555 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Baldwin Insurance Group by 0.9% during the second quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock worth $2,650,000 after acquiring an additional 555 shares during the period. 77.49% of the stock is owned by institutional investors.

Baldwin Insurance Group Stock Down 2.9%

The firm has a market cap of $1.96 billion, a PE ratio of -38.39, a P/E/G ratio of 0.62 and a beta of 1.33. The business’s 50-day simple moving average is $23.72 and its 200 day simple moving average is $27.30. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45.

Baldwin Insurance Group Company Profile

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.