The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells $3,225,510.20 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 75,380 shares of The Baldwin Insurance Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $42.79, for a total value of $3,225,510.20. Following the sale, the insider now directly owns 108,846 shares of the company’s stock, valued at approximately $4,657,520.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, August 16th, James Morgan Roche sold 150,000 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $42.17, for a total value of $6,325,500.00.
• On Wednesday, August 14th, James Morgan Roche sold 2,547 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $41.45, for a total value of $105,573.15.
• On Monday, August 12th, James Morgan Roche sold 85,222 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $41.50, for a total value of $3,536,713.00.
• On Thursday, August 8th, James Morgan Roche sold 36,684 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $41.96, for a total value of $1,539,260.64.

The Baldwin Insurance Group Trading Up 2.5 %

BWIN traded up $1.06 on Monday, hitting $43.31. 421,077 shares of the stock traded hands, compared to its average volume of 413,515. The Baldwin Insurance Group, Inc. has a 52 week low of $17.33 and a 52 week high of $44.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.09 billion, a price-to-earnings ratio of -47.08, a PEG ratio of 1.18 and a beta of 1.58. The business has a fifty day moving average of $38.39.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. The firm had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. During the same period in the previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts forecast that The Baldwin Insurance Group, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BWIN. Raymond James restated a “strong-buy” rating and set a $45.00 target price (up from $40.00) on shares of The Baldwin Insurance Group in a report on Wednesday, May 22nd. Keefe, Bruyette & Woods raised their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group lifted their price objective on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price objective on The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company lifted their price objective on The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $43.60.

About The 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.