James Morgan Roche Sells 21,035 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 21,035 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $40.05, for a total transaction of $842,451.75. Following the sale, the insider now directly owns 117,962 shares of the company’s stock, valued at approximately $4,724,378.10. This represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 13th, James Morgan Roche sold 13,340 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.02, for a total transaction of $533,866.80.

The Baldwin Insurance Group Stock Up 3.9%

BWIN stock opened at $39.80 on Friday. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market cap of $4.68 billion, a price-to-earnings ratio of -62.19, a PEG ratio of 1.17 and a beta of 1.77. The company has a 50 day moving average of $41.93 and a two-hundred day moving average of $42.03.

Analyst Ratings Changes

BWIN has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price target for the company. Finally, Jefferies Financial Group upped their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.29.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FMR LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter worth $325,535,000. Vanguard Group Inc. acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $255,331,000. William Blair Investment Management LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $190,218,000. Bamco Inc. NY acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $116,668,000. Finally, Capital International Investors acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $99,040,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.