JPMorgan Chase & Co. Has Lowered Expectations for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price lowered by JPMorgan Chase & Co. from $46.00 to $39.00 in a report released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods decreased their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company reduced their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN opened at $40.61 on Wednesday. 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 company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -63.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The firm has a 50 day moving average of $39.81 and a 200 day moving average of $44.61. The Baldwin Insurance Group has a 52 week low of $26.08 and a 52 week high of $55.82.

Insider Activity at The Baldwin Insurance Group

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

Hedge Funds Weigh In On The Baldwin Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of BWIN. Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group during the 4th quarter valued at approximately $5,115,000. JPMorgan Chase & Co. grew its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares during the last quarter. Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $788,000. Harbor Capital Advisors Inc. acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group in the 3rd quarter worth $263,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

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.