Insider Selling: The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CEO Sells 58,000 Shares of Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) CEO Trevor Baldwin sold 58,000 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $38.48, for a total value of $2,231,840.00. Following the completion of the transaction, the chief executive officer now owns 144,676 shares in the company, valued at $5,567,132.48. This represents a 28.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Trevor Baldwin also recently made the following trade(s):

• On Thursday, June 12th, Trevor Baldwin sold 117,000 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $39.83, for a total value of $4,660,110.00.

The Baldwin Insurance Group Stock Performance

BWIN traded down $0.25 on Friday, reaching $39.12. 675,686 shares of the stock were exchanged, compared to its average volume of 573,911. The company's 50-day moving average price is $40.14 and its 200 day moving average price is $40.91. The Baldwin Insurance Group, Inc. has a fifty-two week low of $32.46 and a fifty-two week high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $4.64 billion, a PE ratio of -61.13, a PEG ratio of 1.17 and a beta of 1.65.

Analyst Ratings Changes

BWIN has been the topic of several research analyst reports. Wall Street Zen downgraded The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Jefferies Financial Group boosted their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. BMO Capital Markets dropped their target price on The Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday. Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, The Baldwin Insurance Group presently has a consensus rating of "Hold" and a consensus price target of $44.83.

Institutional Trading of The Baldwin Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in The Baldwin Insurance Group by 3.9% during the 1st quarter. Rhumbline Advisers now owns 93,160 shares of the company's stock worth $4,163,000 after acquiring an additional 3,478 shares during the period. Strs Ohio acquired a new position in shares of The Baldwin Insurance Group in the 1st quarter valued at about $72,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of The Baldwin Insurance Group by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company's stock valued at $8,475,000 after buying an additional 11,768 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of The Baldwin Insurance Group by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company's stock valued at $16,964,000 after buying an additional 13,058 shares during the period. Finally, Select Equity Group L.P. lifted its holdings in shares of The Baldwin Insurance Group by 377.8% in the 1st quarter. Select Equity Group L.P. now owns 161,226 shares of the company's stock valued at $7,205,000 after buying an additional 127,485 shares during the period. Institutional investors and hedge funds own 77.49% of the company's stock.

About The Baldwin Insurance Group

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.