The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells $436,086.82 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) insider James Morgan Roche sold 10,894 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $40.03, for a total transaction of $436,086.82. Following the completion of the sale, the insider now owns 68,792 shares of the company's stock, valued at approximately $2,753,743.76. The trade was a 13.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

James Morgan Roche also recently made the following trade(s):

• On Friday, June 13th, James Morgan Roche sold 26,679 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.07, for a total transaction of $1,069,027.53.
• On Wednesday, June 4th, James Morgan Roche sold 7,142 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.08, for a total transaction of $286,251.36.
• On Friday, May 16th, James Morgan Roche sold 3,572 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.04, for a total transaction of $143,022.88.
• On Thursday, May 15th, James Morgan Roche sold 14,222 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.01, for a total transaction of $569,022.22.
• On Tuesday, May 13th, James Morgan Roche sold 13,340 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.02, for a total transaction of $533,866.80.
• On Thursday, May 8th, James Morgan Roche sold 21,035 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.05, for a total transaction of $842,451.75.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded down $0.41 during midday trading on Monday, hitting $38.71. The company had a trading volume of 681,362 shares, compared to its average volume of 574,341. 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 stock has a market cap of $4.59 billion, a price-to-earnings ratio of -60.48, a P/E/G ratio of 1.17 and a beta of 1.65. The firm has a fifty day simple moving average of $40.14 and a two-hundred day simple moving average of $40.86. The Baldwin Insurance Group, Inc. has a fifty-two week low of $32.46 and a fifty-two week high of $55.82.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. BMO Capital Markets dropped their price target on shares of 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 raised their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. Wall Street Zen lowered shares of The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued 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 assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $44.83.

Institutional Trading of The Baldwin Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth $10,381,000. Emerald Advisers LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth $33,608,000. Principal Financial Group Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth $2,320,000. Bamco Inc. NY acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth $116,668,000. Finally, William Blair Investment Management LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth $190,218,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.