Insider Selling: The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Sells 50,000 Shares of Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Lowry Baldwin sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $38.98, for a total value of $1,949,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lowry Baldwin also recently made the following trade(s):

• On Wednesday, May 28th, Lowry Baldwin sold 62,500 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $38.32, for a total value of $2,395,000.00.
• On Monday, May 12th, Lowry Baldwin sold 62,500 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $39.00, for a total value of $2,437,500.00.

The Baldwin Insurance Group Stock Down 0.6%

BWIN opened at $39.37 on Friday. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82. 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 company has a market capitalization of $4.67 billion, a P/E ratio of -61.52, a P/E/G ratio of 1.17 and a beta of 1.65. The stock has a fifty day moving average of $40.17 and a 200-day moving average of $41.10.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. KBC Group NV increased its position in shares of The Baldwin Insurance Group by 12.1% in the first quarter. KBC Group NV now owns 3,675 shares of the company’s stock worth $164,000 after purchasing an additional 396 shares during the period. US Bancorp DE increased its position in shares of The Baldwin Insurance Group by 6.5% in the first quarter. US Bancorp DE now owns 7,337 shares of the company’s stock worth $328,000 after purchasing an additional 450 shares during the period. Toth Financial Advisory Corp increased its position in shares of The Baldwin Insurance Group by 3.3% in the first quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company’s stock worth $775,000 after purchasing an additional 550 shares during the period. PNC Financial Services Group Inc. increased its position in shares of The Baldwin Insurance Group by 5.7% in the first quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company’s stock worth $582,000 after purchasing an additional 700 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of The Baldwin Insurance Group by 6.7% in the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after purchasing an additional 700 shares during the period. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BWIN shares. Wells Fargo & Company boosted their price objective on 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 set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Jefferies Financial Group boosted their price objective on 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. 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 initiated coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $45.33.

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.