Insider Selling: Baldwin Insurance Group (NASDAQ:BWIN) Insider Sells 80,000 Shares of Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 80,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.03, for a total transaction of $1,922,400.00. Following the completion of the transaction, the insider owned 42,113 shares of the company’s stock, valued at $1,011,975.39. This trade represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 value of $2,420,000.00.
• On Thursday, December 11th, James Morgan Roche sold 60,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $23.34, for a total value of $1,400,400.00.
• On Friday, December 5th, James Morgan Roche sold 15,000 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $25.08, for a total value of $376,200.00.

Baldwin Insurance Group Stock Down 1.7%

Shares of BWIN stock traded down $0.41 during trading on Monday, hitting $23.67. 1,048,544 shares of the company were exchanged, compared to its average volume of 1,111,839. Baldwin Insurance Group, Inc. has a twelve month low of $21.26 and a twelve month high of $47.15. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -55.05, a P/E/G ratio of 1.13 and a beta of 1.35. The business’s 50-day simple moving average is $25.59 and its 200 day simple moving average is $32.15.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. Baldwin Insurance Group’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. As a group, analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Institutional Trading of Baldwin Insurance Group

Several large investors have recently made changes to their positions in BWIN. CIBC Bancorp USA Inc. acquired a new position in shares of Baldwin Insurance Group during the third quarter valued at $211,000. Caitong International Asset Management Co. Ltd acquired a new position in Baldwin Insurance Group in the third quarter valued at about $39,000. Dark Forest Capital Management LP acquired a new stake in Baldwin Insurance Group during the 3rd quarter worth approximately $1,468,000. Public Employees Retirement System of Ohio raised its stake in shares of Baldwin Insurance Group by 46.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,630 shares of the company’s stock valued at $2,557,000 after purchasing an additional 28,619 shares during the period. Finally, Numerai GP LLC bought a new stake in shares of Baldwin Insurance Group in the third quarter worth $410,000. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BWIN shares. Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lowered their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Wells Fargo & Company raised shares of Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price objective for the company in a report on Friday. UBS Group dropped their target price on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Baldwin Insurance Group currently has an average rating of “Hold” and an average price target of $36.57.

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.