The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Sells $1,403,718.22 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN traded up $0.61 during mid-day trading on Friday, hitting $39.20. 530,717 shares of the company's stock traded hands, compared to its average volume of 515,372. The firm has a 50 day moving average of $39.93 and a two-hundred day moving average of $44.49. The Baldwin Insurance Group, Inc. has a 12 month low of $26.08 and a 12 month high of $55.82. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of -61.25, 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.

Institutional Trading of The Baldwin Insurance Group

Hedge funds have recently modified their holdings of the company. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $33,000. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $36,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $38,000. Finally, Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $44,000. Institutional investors own 77.49% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BWIN. Keefe, Bruyette & Woods dropped their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

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.