Baldwin Insurance shares rise 1.19% intraday after BofA Securities adjusted its price target.

The Baldwin Insurance Group, Inc. rose 1.19% in intraday trading, with BofA Securities adjusting its price target on the company. The Baldwin Insurance Group, Inc. is an independent insurance distribution company with three operating groups: Insurance Advisory Solutions (IAS), Underwriting, Capacity & Technology Solutions (UCTS), and Mainstreet Insurance Solutions (MIS). The IAS group provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals. The UCTS group includes its MGA platform (MSI) and its reinsurance brokerage business, Juniper Re, which manufactures proprietary, technology-enabled insurance products distributed internally via risk advisors across its other operating groups.