James Morgan Roche Sells 26,679 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 26,679 shares of the stock in a transaction dated 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 sale, the insider now directly owns 42,113 shares in the company, valued at approximately $1,687,467.91. The trade was a 38.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $40.08, for a total value 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 value 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 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 shares were sold at an average price of $40.05, for a total value of $842,451.75.

The Baldwin Insurance Group Trading Down 0.6%

Shares of NASDAQ BWIN opened at $39.12 on Monday. The stock’s 50 day moving average price is $40.14 and its two-hundred day moving average price is $40.91. The Baldwin Insurance Group, Inc. has a 52-week low of $32.46 and a 52-week high of $55.82. The stock has a market capitalization of $4.64 billion, a P/E ratio of -61.13, a PEG ratio of 1.17 and a beta of 1.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of institutional investors have recently made changes to their positions in BWIN. Nuveen Asset Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $10,381,000. Emerald Advisers LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $33,608,000. Principal Financial Group Inc. acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth about $2,320,000. Bamco Inc. NY bought a new position in The Baldwin Insurance Group in the fourth quarter worth about $116,668,000. Finally, William Blair Investment Management LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $190,218,000. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BWIN. Jefferies Financial Group raised their target price on shares of 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. Wells Fargo & Company lifted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. BMO Capital Markets lowered their price objective on The Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Wall Street Zen lowered The Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, The Baldwin Insurance Group has a consensus rating of “Hold” and an average price target 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.