The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Daniel Galbraith Sells 75,000 Shares

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider Daniel Galbraith sold 75,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $46.33, for a total value of $3,474,750.00. Following the completion of the sale, the insider now owns 6,285 shares in the company, valued at $291,184.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Baldwin Insurance Group Stock Up 0.3 %

NASDAQ:BWIN opened at $46.89 on Friday. The business’s 50-day moving average price is $40.60. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of -50.97, a P/E/G ratio of 1.18 and a beta of 1.58. The Baldwin Insurance Group, Inc. has a 52-week low of $17.33 and a 52-week high of $47.31.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $339.80 million for the quarter, compared to the consensus estimate of $334.95 million. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. Sell-side analysts expect that The Baldwin Insurance Group, Inc. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.