Elizabeth Krystyn Sells 130,018 Shares of Baldwin Insurance Group (NASDAQ:BWIN) Stock

Key Points

• Major shareholder Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group on May 7 at an average price of $21.20, totaling about $2.76 million. She also sold additional shares on May 6 and March 6.
• Baldwin Insurance Group’s latest earnings slightly missed expectations, with quarterly EPS of $0.63 versus the $0.64 estimate, though revenue of $532.24 million beat forecasts and rose 28.7% year over year.
• Analyst sentiment remains mixed after recent target-price cuts from several firms; MarketBeat shows an overall average rating of “Hold” with a consensus target price of $30.25.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) major shareholder Elizabeth Krystyn sold 130,018 shares of the firm's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $21.20, for a total transaction of $2,756,381.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's shares 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 shares were 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 stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75.

Baldwin Insurance Group Price Performance

BWIN stock traded down $0.80 during trading on Friday, hitting $20.18. 1,098,559 shares of the stock traded hands, compared to its average volume of 1,637,630. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of -30.12, a P/E/G ratio of 0.79 and a beta of 1.23. Baldwin Insurance Group, Inc. has a one year low of $15.88 and a one year high of $45.16. The company has a current ratio of 1.08, a quick ratio of 1.16 and a debt-to-equity ratio of 1.51. The company has a 50 day simple moving average of $22.18 and a 200 day simple moving average of $23.18.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced 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 business had revenue of $532.24 million during the quarter, compared to analyst estimates of $524.07 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm's revenue was up 28.7% compared to the same quarter last year. Equities analysts expect that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Baldwin Insurance Group from $28.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, April 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an "outperform" rating on the stock in a report on Tuesday, April 7th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Baldwin Insurance Group in a research note on Friday, March 27th. UBS Group reduced their target price on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, March 9th. Finally, Zacks Research lowered shares of Baldwin Insurance Group from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $30.25.

Institutional Trading of Baldwin Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake 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 purchasing an additional 1,053 shares during the last quarter. Dorato Capital Management acquired a new position in Baldwin Insurance Group in the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new position in Baldwin Insurance Group in the third quarter valued at approximately $39,000. Wealth Preservation Advisors LLC acquired a new stake in Baldwin Insurance Group during the 4th quarter worth $46,000. Finally, AlphaQuest LLC raised its position in shares of Baldwin Insurance Group by 249.2% during the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company's stock valued at $55,000 after acquiring an additional 1,393 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.

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.