Baldwin Insurance Group (NASDAQ:BWIN) Insider Sells $1,922,400.00 in Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 80,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.03, for a total transaction of $1,922,400.00. Following the transaction, the insider owned 42,113 shares in the company, valued at approximately $1,011,975.39. The trade was a 65.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, December 12th, James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00.
• On Thursday, December 11th, James Morgan Roche sold 60,000 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $23.34, for a total transaction of $1,400,400.00.
• On Friday, December 5th, James Morgan Roche sold 15,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $25.08, for a total transaction of $376,200.00.

Baldwin Insurance Group Price Performance

BWIN stock opened at $22.77 on Thursday. The company has a market capitalization of $2.70 billion, a P/E ratio of -52.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. Baldwin Insurance Group, Inc. has a 52-week low of $21.26 and a 52-week high of $47.15. The business has a 50-day simple moving average of $25.33 and a two-hundred day simple moving average of $31.97. 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, meeting analysts’ consensus estimates of $0.31. The company had revenue of $365.39 million for the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. Research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on BWIN shares. Jefferies Financial Group restated a “hold” rating and set a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. UBS Group decreased their price target on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday. Finally, Wall Street Zen downgraded Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Baldwin Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $36.57.

Hedge Funds Weigh In On Baldwin Insurance Group

Several institutional investors have recently bought and sold shares of the company. MTM Investment Management LLC bought a new stake in shares of Baldwin Insurance Group in the second quarter valued at $30,000. Elevation Point Wealth Partners LLC purchased a new stake in Baldwin Insurance Group in the 2nd quarter worth about $58,000. Caitong International Asset Management Co. Ltd bought a new stake in Baldwin Insurance Group in the 3rd quarter valued at about $39,000. Strs Ohio bought a new stake in Baldwin Insurance Group in the 1st quarter valued at about $72,000. Finally, First Horizon Advisors Inc. lifted its holdings in Baldwin Insurance Group by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock valued at $79,000 after purchasing an additional 419 shares during the last quarter. Hedge funds and other institutional investors 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.