The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Sells $510,651.22 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the sale, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

The Baldwin Insurance Group Price Performance

BWIN stock opened at $41.14 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $4.84 billion, a P/E ratio of -64.28, a PEG ratio of 1.17 and a beta of 1.63. The business has a 50 day simple moving average of $39.88 and a 200-day simple moving average of $44.55. The Baldwin Insurance Group, Inc. has a twelve month low of $26.08 and a twelve month high of $55.82.

Institutional Trading of The Baldwin Insurance Group

A number of large investors have recently bought and sold shares of BWIN. Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at $5,115,000. JPMorgan Chase & Co. grew its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after buying an additional 1,175,484 shares during the last quarter. Diversified Trust Co purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $788,000. Harbor Capital Advisors Inc. acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at about $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in The Baldwin Insurance Group during the 3rd quarter valued at approximately $263,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets

BWIN has been the topic of several recent analyst reports. Wells Fargo & Company dropped 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 research note on Wednesday. JPMorgan Chase & Co. lowered 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 report on Wednesday. Finally, Keefe, Bruyette & Woods cut their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.