Insider Selling: Baldwin Insurance Group (NASDAQ:BWIN) Insider Sells 100,000 Shares of Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 100,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the completion of the transaction, the insider directly owned 122,113 shares of the company’s stock, valued at $2,955,134.60. This trade represents a 45.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $24.03, for a total value of $1,922,400.00.
• On Thursday, December 11th, James Morgan Roche sold 60,000 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $23.34, for a total value of $1,400,400.00.
• On Friday, December 5th, James Morgan Roche sold 15,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $25.08, for a total transaction of $376,200.00.

Baldwin Insurance Group Price Performance

Shares of Baldwin Insurance Group stock traded down $0.41 during trading on Monday, reaching $23.67. 1,048,544 shares of the company’s stock were exchanged, compared to its average volume of 1,111,839. The company has a market cap of $2.81 billion, a P/E ratio of 20.76, a PEG ratio of 1.13 and a beta of 1.35. Baldwin Insurance Group, Inc. has a 1-year low of $21.26 and a 1-year high of $47.15. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s 50-day moving average price is $25.59 and its 200 day moving average price is $32.15.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The firm had revenue of $365.39 million during the quarter, compared to the consensus estimate of $364.14 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BWIN. BMO Capital Markets dropped their target price on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a report on Thursday, December 4th. Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $28.00 target price on shares of Baldwin Insurance Group in a report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 target price on the stock in a research note on Friday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Baldwin Insurance Group has an average rating of “Hold” and a consensus target price of $36.57.

Institutional Trading of Baldwin Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of Baldwin Insurance Group by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after acquiring an additional 419 shares during the period. Teacher Retirement System of Texas raised its holdings in Baldwin Insurance Group by 4.8% during the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after purchasing an additional 470 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Baldwin Insurance Group by 3.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after acquiring an additional 504 shares in the last quarter. Cetera Trust Company N.A boosted its stake in Baldwin Insurance Group by 10.1% in the second quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock valued at $258,000 after acquiring an additional 555 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Baldwin Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock worth $2,650,000 after buying an additional 555 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.