Baldwin Insurance Group (NASDAQ:BWIN) Major Shareholder Sells 71,982 Shares

Key Points

• Major shareholder Elizabeth Krystyn sold 71,982 shares of Baldwin Insurance Group on May 6 at an average price of $21.19, totaling about $1.53 million. After the sale, she directly owned 31,740 shares, a 69.4% decrease in her stake.
• Krystyn also sold additional shares on May 7 and March 6, continuing a recent pattern of insider selling. The May 7 sale totaled about $2.76 million, while the March 6 sale totaled about $2.55 million.
• Baldwin Insurance Group’s latest earnings slightly missed EPS expectations but revenue beat estimates and rose 28.7% year over year. The stock closed at $20.18, below both its 50-day and 200-day moving averages, while analysts currently have a consensus Hold rating.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) major shareholder Elizabeth Krystyn sold 71,982 shares of Baldwin Insurance Group stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $21.19, for a total transaction of $1,525,298.58. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more 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 stock was sold at an average price of $21.20, for a total transaction 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 Price Performance

Shares of Baldwin Insurance Group stock traded down $0.80 during trading hours on Friday, reaching $20.18. The stock had a trading volume of 1,098,559 shares, compared to its average volume of 1,637,630. The stock's 50 day moving average is $22.18 and its 200 day moving average is $23.18. The company has a current ratio of 1.08, a quick ratio of 1.16 and a debt-to-equity ratio of 1.51. Baldwin Insurance Group, Inc. has a twelve month low of $15.88 and a twelve month high of $45.16. The firm has a market capitalization of $2.88 billion, a PE ratio of -30.12, a PEG ratio of 0.79 and a beta of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The business had revenue of $532.24 million for the quarter, compared to analyst estimates of $524.07 million. During the same quarter last year, the business earned $0.65 earnings per share. Baldwin Insurance Group's revenue was up 28.7% on a year-over-year basis. Equities analysts expect that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BWIN. Weiss Ratings restated a "sell (e+)" rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Wells Fargo & Company raised their target price on Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, April 9th. Bank of America lowered their target price on shares of 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. Finally, UBS Group cut their price target on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $30.25.

Institutional Trading of Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWIN. Larson Financial Group LLC boosted its holdings in shares of Baldwin Insurance Group by 666.5% in the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company's stock valued at $29,000 after buying an additional 1,053 shares in the last quarter. Dorato Capital Management acquired a new stake in Baldwin Insurance Group during the 4th quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Baldwin Insurance Group in the third quarter valued at $39,000. Wealth Preservation Advisors LLC acquired a new position in Baldwin Insurance Group in the fourth quarter valued at $46,000. Finally, AlphaQuest LLC boosted its stake in Baldwin Insurance Group by 249.2% in 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. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.