The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CEO Sells $625,425.66 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares of the company’s stock, valued at $523,167.66. This represents a 54.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, March 12th, Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00.

The Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $39.97 on Monday. The business’s fifty day simple moving average is $40.05 and its two-hundred day simple moving average is $44.31. 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 Baldwin Insurance Group, Inc. has a 12 month low of $26.08 and a 12 month high of $55.82. The company has a market cap of $4.70 billion, a price-to-earnings ratio of -62.45, a P/E/G ratio of 1.17 and a beta of 1.72.

Institutional Trading of The Baldwin Insurance Group

Several institutional investors have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $32,000. Nisa Investment Advisors LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $33,000. TD Waterhouse Canada Inc. purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $36,000. Assetmark Inc. purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $44,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BWIN has been the subject of several research reports. Keefe, Bruyette & Woods decreased their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. reduced 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 report on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price objective 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. 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. Based on data from MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average 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.