The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CEO Trevor Baldwin Sells 15,902 Shares

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the completion of the sale, the chief executive officer now owns 13,302 shares of the company's stock, valued at approximately $523,167.66. The trade was a 54.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trevor Baldwin also recently made the following trade(s):

• On Wednesday, March 12th, Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00.

The Baldwin Insurance Group Stock Up 2.3 %

Shares of The Baldwin Insurance Group stock traded up $0.93 during midday trading on Tuesday, reaching $41.49. 513,799 shares of the company's stock traded hands, compared to its average volume of 531,481. The company 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's 50 day simple moving average is $40.12 and its 200 day simple moving average is $44.27. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on BWIN. JPMorgan Chase & Co. cut their target price 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. Keefe, Bruyette & Woods cut their target price 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. Finally, Wells Fargo & Company cut their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth $32,000. Nisa Investment Advisors LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $33,000. TD Waterhouse Canada Inc. bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $36,000. Assetmark Inc. bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $38,000. Finally, Premier Fund Managers Ltd bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $44,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.