Baldwin Insurance Group (NASDAQ:BWIN) Major Shareholder Sells $2,756,381.60 in Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $21.20, for a total transaction of $2,756,381.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 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 Wednesday, May 6th, Elizabeth Krystyn sold 71,982 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $21.19, for a total transaction of $1,525,298.58.
• 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

Shares of BWIN opened at $20.18 on Monday. Baldwin Insurance Group, Inc. has a 1 year low of $15.88 and a 1 year high of $45.16. The company’s 50 day simple moving average is $22.18 and its 200 day simple moving average is $23.18. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -30.12, a PEG ratio of 0.78 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08.

Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The firm had revenue of $532.24 million during the quarter, compared to analysts’ expectations of $524.07 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue was up 28.7% on a year-over-year basis. On average, sell-side analysts predict that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock worth $29,000 after buying an additional 1,053 shares during the period. Dorato Capital Management purchased a new position in Baldwin Insurance Group in the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd purchased a new position in Baldwin Insurance Group in the 3rd quarter valued at about $39,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Baldwin Insurance Group during the fourth quarter valued at about $46,000. Finally, AlphaQuest LLC grew its stake in shares of Baldwin Insurance Group by 249.2% during the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after acquiring an additional 1,393 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BWIN. Bank of America dropped their price objective on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $20.00 to $30.00 in a report on Friday, February 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. TD Cowen initiated coverage on Baldwin Insurance Group in a research note on Wednesday, February 25th. They set a “buy” rating for the company. Finally, Wells Fargo & Company raised their price objective on Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.25.

Baldwin Insurance Group Company Profile

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.