Short Interest in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Grows By 9.1%

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,190,000 shares, a growth of 9.1% from the January 15th total of 3,840,000 shares. Based on an average daily volume of 543,200 shares, the days-to-cover ratio is presently 7.7 days. Approximately 6.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on 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. Wells Fargo & Company reduced their price target on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods reduced 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

The Baldwin Insurance Group Stock Up 0.2 %

Shares of NASDAQ BWIN traded up $0.09 during trading hours on Friday, hitting $41.69. The company had a trading volume of 541,995 shares, compared to its average volume of 456,801. The stock has a market capitalization of $4.90 billion, a P/E ratio of -65.14, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. 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 Baldwin Insurance Group has a 1-year low of $25.50 and a 1-year high of $55.82. The firm’s 50 day moving average is $40.07 and its 200-day moving average is $44.69.

Insider Activity at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this link. 20.14% of the stock is owned by insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several large investors have recently made changes to their positions in the stock. Freestone Grove Partners LP acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $3,929,000. Comerica Bank bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $2,300,000. Schonfeld Strategic Advisors LLC bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $486,000. Emerald Mutual Fund Advisers Trust bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $19,955,000. Finally, Lido Advisors LLC bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $389,000. Institutional investors and hedge funds 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.