The Baldwin Insurance Group (NASDAQ:BWIN) Earns “Strong-Buy” Rating from Raymond James

Raymond James restated their strong-buy rating on shares of The Baldwin Insurance Group (NASDAQ:BWIN) in a research report report published on Wednesday, Benzinga reports. Raymond James currently has a $45.00 price target on the stock, up from their prior price target of $40.00.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $33.68 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The Baldwin Insurance Group has a 12-month low of $17.33 and a 12-month high of $35.46. The company has a market capitalization of $3.96 billion, a P/E ratio of -36.61, a PEG ratio of 0.90 and a beta of 1.54.

Insider Activity

In other news, Director Lowry Baldwin sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $34.10, for a total value of $4,262,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 22.65% 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.