The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells $436,086.82 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 10,894 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $40.03, for a total value of $436,086.82. Following the transaction, the insider now owns 68,792 shares in the company, valued at $2,753,743.76. This trade represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, June 13th, James Morgan Roche sold 26,679 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.07, for a total value of $1,069,027.53.
• On Wednesday, June 4th, James Morgan Roche sold 7,142 shares of The Baldwin Insurance Group stock. The shares were 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 stock was 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 shares were sold at an average price of $40.01, for a total transaction of $569,022.22.
• On Tuesday, May 13th, James Morgan Roche sold 13,340 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.02, for a total transaction 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 transaction of $842,451.75.

The Baldwin Insurance Group Price Performance

Shares of BWIN stock opened at $39.12 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a fifty-two week low of $32.46 and a fifty-two week high of $55.82. The firm has a market cap of $4.64 billion, a P/E ratio of -61.13, a P/E/G ratio of 1.17 and a beta of 1.65. The business’s 50 day moving average price is $40.14 and its 200-day moving average price is $40.91.

Institutional Trading of The Baldwin Insurance Group

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

Analyst Ratings Changes

BWIN has been the topic of several analyst reports. Wall Street Zen downgraded The Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Wells Fargo & Company lifted their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets cut their target price on shares of The Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday. 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 report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.