Westwood Holdings Group Inc. Sells 212,794 Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Key Points

• Westwood Holdings Group Inc. reduced its stake in Baldwin Insurance Group by 10.7%, selling 212,794 shares during the first quarter, resulting in ownership of about 1.51% of the company worth $79.46 million.
• Insider selling at Baldwin Insurance Group was significant, with CEO Trevor Baldwin selling 117,000 shares, reducing his ownership by 80.87%, and insider James Morgan Roche selling 26,679 shares, marking a 38.78% decrease in his holdings.
• Analysts have mixed sentiments on Baldwin Insurance Group, with price targets adjusted by firms such as JPMorgan and Jefferies, leading to an average consensus rating of "Hold" and a price target of $45.17.

Westwood Holdings Group Inc. decreased its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,778,024 shares of the company's stock after selling 212,794 shares during the period. Westwood Holdings Group Inc. owned 1.51% of Baldwin Insurance Group worth $79,460,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWIN. Westfield Capital Management Co. LP boosted its holdings in Baldwin Insurance Group by 27.1% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,076,847 shares of the company's stock worth $48,124,000 after buying an additional 229,353 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Baldwin Insurance Group by 5.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company's stock valued at $582,000 after purchasing an additional 700 shares during the period. US Bancorp DE boosted its holdings in Baldwin Insurance Group by 6.5% in the 1st quarter. US Bancorp DE now owns 7,337 shares of the company's stock valued at $328,000 after purchasing an additional 450 shares during the period. Natixis Advisors LLC boosted its holdings in Baldwin Insurance Group by 3.7% in the 1st quarter. Natixis Advisors LLC now owns 23,106 shares of the company's stock valued at $1,033,000 after purchasing an additional 834 shares during the period. Finally, XTX Topco Ltd bought a new position in Baldwin Insurance Group in the 1st quarter valued at $201,000. 77.49% of the stock is owned by institutional investors.

Insider Activity at Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 117,000 shares of Baldwin Insurance Group stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the sale, the chief executive officer owned 27,676 shares of the company's stock, valued at approximately $1,102,335.08. The trade was a 80.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lowry Baldwin sold 50,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $38.98, for a total transaction of $1,949,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 451,380 shares of company stock worth $17,731,131. 18.51% of the stock is currently owned by company insiders.

Baldwin Insurance Group Trading Down 16.6%

Shares of BWIN stock traded down $6.07 during mid-day trading on Wednesday, reaching $30.39. The stock had a trading volume of 2,787,680 shares, compared to its average volume of 600,852. The stock's 50-day moving average price is $39.71 and its two-hundred day moving average price is $40.64. The firm has a market capitalization of $3.60 billion, a PE ratio of -104.79, a price-to-earnings-growth ratio of 1.42 and a beta of 1.66. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. Baldwin Insurance Group, Inc. has a 52-week low of $29.99 and a 52-week high of $55.82.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BWIN shares. BMO Capital Markets lowered their price objective on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Wall Street Zen cut shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Jefferies Financial Group lifted their target price on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Baldwin Insurance Group has an average rating of "Hold" and a consensus target price of $45.17.

Baldwin Insurance Group Company Profile

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.