Baldwin Insurance Group (NASDAQ:BWIN) Insider Sells $1,400,400.00 in Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 60,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $23.34, for a total value of $1,400,400.00. Following the completion of the transaction, the insider directly owned 222,113 shares of the company’s stock, valued at approximately $5,184,117.42. This trade represents a 21.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

James Morgan Roche also recently made the following trade(s):

• On Monday, December 15th, James Morgan Roche sold 80,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $24.03, for a total value of $1,922,400.00.
• On Friday, December 12th, James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00.
• On Friday, December 5th, James Morgan Roche sold 15,000 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $25.08, for a total transaction of $376,200.00.

Baldwin Insurance Group Trading Down 1.7%

NASDAQ:BWIN traded down $0.41 during trading hours on Monday, hitting $23.67. The company had a trading volume of 1,048,544 shares, compared to its average volume of 1,111,839. The company has a 50-day moving average of $25.59 and a 200 day moving average of $32.15. The company has a market cap of $2.81 billion, a P/E ratio of -55.05, a P/E/G ratio of 1.13 and a beta of 1.35. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45. Baldwin Insurance Group, Inc. has a 1 year low of $21.26 and a 1 year high of $47.15.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The company had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Baldwin Insurance Group’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Institutional Investors Weigh In On Baldwin Insurance Group

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in Baldwin Insurance Group by 9.8% in the 1st quarter. LPL Financial LLC now owns 73,629 shares of the company’s stock valued at $3,096,000 after purchasing an additional 6,583 shares during the period. Invesco Ltd. grew its holdings in Baldwin Insurance Group by 794.2% during the 1st quarter. Invesco Ltd. now owns 556,775 shares of the company’s stock worth $24,882,000 after acquiring an additional 494,508 shares during the period. Nuveen LLC bought a new position in shares of Baldwin Insurance Group in the 1st quarter worth $12,032,000. HighTower Advisors LLC bought a new position in shares of Baldwin Insurance Group in the first quarter valued at approximately $1,860,000. Finally, Aberdeen Group plc boosted its stake in shares of Baldwin Insurance Group by 0.6% in the 1st quarter. Aberdeen Group plc now owns 240,540 shares of the company’s stock worth $10,750,000 after buying an additional 1,540 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. decreased their target price on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Finally, UBS Group dropped their target price on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.57.

About 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.