The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells $143,022.88 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 3,572 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88. Following the sale, the insider now directly owns 86,828 shares of the company’s stock, valued at approximately $3,476,593.12. The trade was a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 15th, James Morgan Roche sold 14,222 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.01, for a total transaction of $569,022.22.
• On Tuesday, May 13th, James Morgan Roche sold 13,340 shares of The Baldwin Insurance Group stock. The shares were 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 transaction of $842,451.75.

The Baldwin Insurance Group Stock Down 0.4%

The Baldwin Insurance Group stock opened at $39.07 on Tuesday. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of -61.05, 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 company’s 50-day moving average price is $41.89 and its two-hundred day moving average price is $41.84. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82.

Hedge Funds Weigh In On The Baldwin Insurance Group

Hedge funds have recently made changes to their positions in the business. Emerald Advisers LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $33,608,000. Principal Financial Group Inc. acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $2,320,000. Bamco Inc. NY acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $116,668,000. William Blair Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $190,218,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $805,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

BWIN has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price objective on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.29.

About The 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.