Insider Selling: The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Sells $161,269.29 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Seth Bala Cohen sold 3,783 shares of The Baldwin Insurance Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $42.63, for a total value of $161,269.29. Following the transaction, the general counsel now directly owns 8,813 shares in the company, valued at $375,698.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Baldwin Insurance Group Stock Performance

The Baldwin Insurance Group stock opened at $41.87 on Monday. The Baldwin Insurance Group, Inc. has a 52 week low of $17.33 and a 52 week high of $44.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of -45.51, a price-to-earnings-growth ratio of 1.18 and a beta of 1.58. The business has a 50 day moving average price of $37.71.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. The company had revenue of $339.80 million during the quarter, compared to analyst estimates of $334.95 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts forecast that The Baldwin Insurance Group, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of The Baldwin Insurance Group from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Wells Fargo & Company upped their price target on The Baldwin Insurance Group from $34.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods boosted their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $45.00 target price (up from $40.00) on shares of The Baldwin Insurance Group in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $42.40.

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.