The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells $533,866.80 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 13,340 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $40.02, for a total value of $533,866.80. Following the sale, the insider now directly owns 104,622 shares of the company’s stock, valued at $4,186,972.44. This represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $40.05, for a total value of $842,451.75.

The Baldwin Insurance Group Trading Up 3.9%

Shares of NASDAQ BWIN opened at $39.80 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $41.93 and a two-hundred day simple moving average of $42.03. The firm has a market cap of $4.68 billion, a PE ratio of -62.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of BWIN. Wealth Enhancement Advisory Services LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $5,115,000. Emerald Advisers LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $33,608,000. Principal Financial Group Inc. purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $2,320,000. William Blair Investment Management LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $190,218,000. Finally, Bamco Inc. NY purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $116,668,000. 77.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BWIN. BMO Capital Markets began coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an “outperform” rating and a $53.00 price target for the company. Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Wells Fargo & Company raised their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, The Baldwin Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $45.29.

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.