Baldwin Insurance Group (NASDAQ:BWIN) Insider James Morgan Roche Sells 15,000 Shares

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 15,000 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $25.08, for a total value of $376,200.00. Following the completion of the sale, the insider directly owned 42,113 shares of the company’s stock, valued at $1,056,194.04. This represents a 26.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Baldwin Insurance Group Stock Performance

Shares of BWIN traded down $0.57 during mid-day trading on Tuesday, hitting $22.21. The company’s stock had a trading volume of 1,336,663 shares, compared to its average volume of 770,765. Baldwin Insurance Group, Inc. has a one year low of $21.26 and a one year high of $47.15. The firm has a market capitalization of $2.64 billion, a PE ratio of -51.65, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. The stock’s 50-day moving average is $26.07 and its two-hundred day moving average is $32.68. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $365.39 million for the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, sell-side analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, October 8th. UBS Group dropped their price objective on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. reduced their price objective on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Finally, Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Baldwin Insurance Group currently has a consensus rating of “Hold” and a consensus target price of $38.57.

Hedge Funds Weigh In On Baldwin Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC raised its stake in shares of Baldwin Insurance Group by 20.3% in the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after purchasing an additional 659,433 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Baldwin Insurance Group by 62.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company’s stock valued at $144,462,000 after purchasing an additional 1,238,650 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Baldwin Insurance Group by 8.0% during the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after purchasing an additional 142,506 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Baldwin Insurance Group by 4.9% during the second quarter. Geode Capital Management LLC now owns 1,695,758 shares of the company’s stock worth $72,604,000 after purchasing an additional 79,869 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Baldwin Insurance Group by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company’s stock worth $42,713,000 after purchasing an additional 158,199 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

About 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.