The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider James Morgan Roche Sells 13,340 Shares

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 13,340 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.02, for a total transaction of $533,866.80. Following the transaction, the insider now directly owns 104,622 shares in the company, valued at approximately $4,186,972.44. This represents a 11.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $842,451.75.

The Baldwin Insurance Group Trading Down 1.5%

Shares of BWIN opened at $39.22 on Friday. The firm’s 50-day moving average price is $41.90 and its 200-day moving average price is $41.95. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of -61.28, a PEG ratio of 1.17 and a beta of 1.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BWIN shares. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price objective on the stock. Jefferies Financial Group boosted their price objective on shares of 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. Wells Fargo & Company boosted their price objective on shares of 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. Finally, JPMorgan Chase & Co. restated 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $45.29.

Institutional Investors Weigh In On The Baldwin Insurance Group

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $5,115,000. Emerald Advisers LLC purchased a new stake in The Baldwin Insurance Group in the fourth quarter worth about $33,608,000. Principal Financial Group Inc. purchased a new stake in The Baldwin Insurance Group in the fourth quarter worth about $2,320,000. Bamco Inc. NY purchased a new stake in The Baldwin Insurance Group in the fourth quarter worth about $116,668,000. Finally, William Blair Investment Management LLC purchased a new stake in The Baldwin Insurance Group in the fourth quarter worth about $190,218,000. Institutional investors own 77.49% of the company’s stock.

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.