The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CEO Trevor Baldwin Sells 68,740 Shares of Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now directly owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Trevor Baldwin also recently made the following trade(s):

• On Friday, March 14th, Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66.

The Baldwin Insurance Group Trading Up 3.0 %

Shares of BWIN opened at $39.97 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 firm’s 50-day moving average is $40.05 and its two-hundred day moving average is $44.33. The Baldwin Insurance Group, Inc. has a twelve month low of $26.08 and a twelve month high of $55.82. The firm has a market capitalization of $4.70 billion, a P/E ratio of -62.45, a PEG ratio of 1.17 and a beta of 1.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $33,000. TD Waterhouse Canada Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $36,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $44,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BWIN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. 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, February 26th. Finally, Keefe, Bruyette & Woods dropped 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

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.