Trevor Baldwin Sells 58,000 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) 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 dated Wednesday, June 11th. The shares were sold at an average price of $38.48, for a total transaction of $2,231,840.00. Following the completion of the transaction, the chief executive officer now directly owns 144,676 shares of the company's stock, valued at approximately $5,567,132.48. This trade represents a 28.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00.

The Baldwin Insurance Group Stock Performance

The Baldwin Insurance Group stock traded down $0.41 during midday trading on Monday, hitting $38.71. The company's stock had a trading volume of 681,362 shares, compared to its average volume of 574,341. The Baldwin Insurance Group, Inc. has a 1-year low of $32.46 and a 1-year 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 company has a 50-day moving average price of $40.14 and a two-hundred day moving average price of $40.86. The company has a market cap of $4.59 billion, a price-to-earnings ratio of -60.48, a PEG ratio of 1.17 and a beta of 1.65.

Institutional Trading of The Baldwin Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $36,000. Assetmark Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $38,000. Premier Fund Managers Ltd acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $44,000. First Horizon Advisors Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $55,000. Finally, Parkside Financial Bank & Trust acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $59,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of 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. BMO Capital Markets cut their target price on shares of The Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday. Wall Street Zen cut shares of The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group raised their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $44.83.

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.