The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Lowry Baldwin Sells 34,901 Shares

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Lowry Baldwin sold 34,901 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares of the company’s stock, valued at approximately $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $40.92 on Thursday. The stock has a 50 day moving average of $39.94 and a 200 day moving average of $44.55. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of -63.94, a PEG ratio of 1.17 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a 12 month low of $26.08 and a 12 month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several large investors have recently made changes to their positions in BWIN. Lord Abbett & CO. LLC bought a new position in The Baldwin Insurance Group during the third quarter valued at about $29,447,000. JPMorgan Chase & Co. grew its position in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after acquiring an additional 1,175,484 shares during the period. Peapack Gladstone Financial Corp purchased a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth approximately $263,000. Confluence Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $16,747,000. Finally, Diversified Trust Co bought a new position in The Baldwin Insurance Group during the fourth quarter valued at $788,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.