Elizabeth Krystyn Sells 71,982 Shares of Baldwin Insurance Group (NASDAQ:BWIN) Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 71,982 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $21.19, for a total value of $1,525,298.58. Following the completion of the sale, the insider directly owned 31,740 shares of the company’s stock, valued at approximately $672,570.60. This trade represents a 69.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Elizabeth Krystyn also recently made the following trade(s):

• On Thursday, May 7th, Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60.
• On Friday, March 6th, Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75.

Baldwin Insurance Group Stock Performance

Baldwin Insurance Group stock traded down $0.80 during midday trading on Friday, hitting $20.18. 1,098,559 shares of the company’s stock were exchanged, compared to its average volume of 1,637,630. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.16 and a current ratio of 1.08. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of -30.12, a price-to-earnings-growth ratio of 0.79 and a beta of 1.23. Baldwin Insurance Group, Inc. has a 12-month low of $15.88 and a 12-month high of $45.16. The firm’s 50 day simple moving average is $22.18 and its 200 day simple moving average is $23.18.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $532.24 million for the quarter, compared to analysts’ expectations of $524.07 million. Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. Equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BWIN. Keefe, Bruyette & Woods dropped their price target on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Wells Fargo & Company boosted their target price on Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Bank of America cut their target price on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $20.00 to $30.00 in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Baldwin Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $30.25.

Institutional Investors Weigh In On Baldwin Insurance Group

Institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC grew its holdings in shares of Baldwin Insurance Group by 47.8% in the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after acquiring an additional 2,439,118 shares during the period. Vanguard Group Inc. raised its holdings in Baldwin Insurance Group by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 6,851,874 shares of the company’s stock worth $164,651,000 after purchasing an additional 287,241 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Baldwin Insurance Group by 36.3% during the first quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock worth $85,963,000 after purchasing an additional 1,044,200 shares in the last quarter. Champlain Investment Partners LLC boosted its position in Baldwin Insurance Group by 20.3% during the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after purchasing an additional 659,433 shares in the last quarter. Finally, Capital International Investors grew its holdings in Baldwin Insurance Group by 15.0% in the fourth quarter. Capital International Investors now owns 3,618,132 shares of the company’s stock valued at $86,944,000 after purchasing an additional 472,703 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.