The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Lowry Baldwin Sells 50,000 Shares

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) Director Lowry Baldwin sold 50,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $38.98, for a total value of $1,949,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, May 28th, Lowry Baldwin sold 62,500 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $38.32, for a total value of $2,395,000.00.
• On Monday, May 12th, Lowry Baldwin sold 62,500 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $39.00, for a total value of $2,437,500.00.

The Baldwin Insurance Group Trading Down 0.6%

The Baldwin Insurance Group stock traded down $0.25 during midday trading on Friday, reaching $39.12. The stock had a trading volume of 675,686 shares, compared to its average volume of 572,677. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a fifty day moving average of $40.13 and a 200 day moving average of $41.04. The Baldwin Insurance Group, Inc. has a 52-week low of $31.47 and a 52-week high of $55.82. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of -61.13, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BWIN shares. BMO Capital Markets reduced their price objective on shares of The Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. 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 report on Friday, April 11th. Wall Street Zen downgraded shares of The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, Wells Fargo & Company lifted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, April 10th. Two 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. According to MarketBeat.com, The Baldwin Insurance Group presently has a consensus rating of "Hold" and a consensus target price of $44.83.

Institutional Trading of The Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BWIN. KBC Group NV increased its stake in The Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock worth $164,000 after buying an additional 396 shares during the period. US Bancorp DE increased its position in shares of The Baldwin Insurance Group by 6.5% during the first quarter. US Bancorp DE now owns 7,337 shares of the company's stock worth $328,000 after acquiring an additional 450 shares during the period. Toth Financial Advisory Corp increased its holdings in The Baldwin Insurance Group by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company's stock worth $775,000 after purchasing an additional 550 shares during the period. PNC Financial Services Group Inc. increased its holdings in The Baldwin Insurance Group by 5.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company's stock worth $582,000 after purchasing an additional 700 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in The Baldwin Insurance Group by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company's stock worth $495,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors 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.