Insider Selling: The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells $1,069,027.53 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 26,679 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the transaction, the insider now owns 42,113 shares in the company, valued at $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, June 12th, James Morgan Roche sold 10,894 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.03, for a total transaction of $436,086.82.
• On Wednesday, June 4th, James Morgan Roche sold 7,142 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.08, for a total transaction of $286,251.36.
• On Friday, May 16th, James Morgan Roche sold 3,572 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88.
• On Thursday, May 15th, James Morgan Roche sold 14,222 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.01, for a total value of $569,022.22.
• 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 value of $533,866.80.
• On Thursday, May 8th, James Morgan Roche sold 21,035 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.05, for a total value of $842,451.75.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $39.12 on Monday. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of -61.13, a PEG ratio of 1.17 and a beta of 1.65. The business’s 50 day moving average is $40.14 and its two-hundred day moving average is $40.91. The Baldwin Insurance Group, Inc. has a 12-month low of $32.46 and a 12-month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BWIN. TD Waterhouse Canada Inc. purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $36,000. Assetmark Inc. purchased a new stake in The Baldwin Insurance Group during the fourth quarter worth about $38,000. Premier Fund Managers Ltd acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $44,000. First Horizon Advisors Inc. purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at about $55,000. Finally, Parkside Financial Bank & Trust purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BWIN shares. Wells Fargo & Company increased their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, April 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Jefferies Financial Group upped their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Wall Street Zen cut The Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Finally, BMO Capital Markets dropped their target price on The Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, The Baldwin Insurance Group has an average rating of “Hold” and a consensus target price of $44.83.

The 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.