Baldwin Insurance Group (NASDAQ:BWIN) Insider Sells $1,400,400.00 in Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $23.34, for a total value of $1,400,400.00. Following the transaction, the insider directly owned 222,113 shares of the company’s stock, valued at $5,184,117.42. The trade was a 21.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

James Morgan Roche also recently made the following trade(s):

• On Monday, December 15th, James Morgan Roche sold 80,000 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $24.03, for a total transaction of $1,922,400.00.
• On Friday, December 12th, James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $24.20, for a total value of $2,420,000.00.
• On Friday, December 5th, James Morgan Roche sold 15,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $25.08, for a total value of $376,200.00.

Baldwin Insurance Group Price Performance

Shares of BWIN traded down $0.41 during mid-day trading on Monday, hitting $23.67. 1,048,544 shares of the company were exchanged, compared to its average volume of 1,111,839. Baldwin Insurance Group, Inc. has a 1-year low of $21.26 and a 1-year high of $47.15. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -55.05, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35. The company has a 50 day moving average of $25.59 and a 200-day moving average of $32.15. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $365.39 million during the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. Analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Jefferies Financial Group restated a “hold” rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.57.

Hedge Funds Weigh In On Baldwin Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in BWIN. LPL Financial LLC increased its holdings in Baldwin Insurance Group by 9.8% in the first quarter. LPL Financial LLC now owns 73,629 shares of the company’s stock worth $3,096,000 after buying an additional 6,583 shares during the last quarter. Invesco Ltd. grew its stake in Baldwin Insurance Group by 794.2% during the first quarter. Invesco Ltd. now owns 556,775 shares of the company’s stock worth $24,882,000 after buying an additional 494,508 shares during the last quarter. Nuveen LLC bought a new stake in Baldwin Insurance Group during the 1st quarter worth about $12,032,000. HighTower Advisors LLC acquired a new position in Baldwin Insurance Group during the 1st quarter worth $1,860,000. Finally, Aberdeen Group plc lifted its stake in shares of Baldwin Insurance Group by 0.6% during the first quarter. Aberdeen Group plc now owns 240,540 shares of the company’s stock valued at $10,750,000 after acquiring an additional 1,540 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

About Baldwin Insurance Group

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.