The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at $3,274,917.80. This represents a 46.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Trevor Baldwin also recently made the following trade(s):
- On Friday, March 14th, Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66.
The Baldwin Insurance Group Stock Performance
BWIN stock traded up $0.93 on Tuesday, hitting $41.49. The company's stock had a trading volume of 513,799 shares, compared to its average volume of 531,481. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of -64.83, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The firm has a 50 day moving average of $40.12 and a two-hundred day moving average of $44.27.
Institutional Trading of The Baldwin Insurance Group
Several hedge funds have recently made changes to their positions in BWIN. FMR LLC acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $325,535,000. Vanguard Group Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $255,331,000. William Blair Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $190,218,000. Bamco Inc. NY acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $116,668,000. Finally, Capital International Investors acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $99,040,000. Institutional investors and hedge funds own 77.49% of the company's stock.
Wall Street Analyst Weigh In
BWIN has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price target on shares of 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. JPMorgan Chase & Co. reduced their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.50.
Read Our Latest Report on The Baldwin Insurance Group
About The Baldwin Insurance Group
(
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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.
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