The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CEO Sells $4,660,110.00 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) CEO Trevor Baldwin sold 117,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $39.83, for a total value of $4,660,110.00. Following the completion of the sale, the chief executive officer now directly owns 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 11th, Trevor Baldwin sold 58,000 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $38.48, for a total value of $2,231,840.00.

The Baldwin Insurance Group Stock Performance

Shares of BWIN traded down $0.41 during midday trading on Monday, reaching $38.71. 681,362 shares of the stock were exchanged, compared to its average volume of 574,341. The Baldwin Insurance Group, Inc. has a twelve month low of $32.46 and a twelve month high of $55.82. 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 market cap of $4.59 billion, a P/E ratio of -60.48, a PEG ratio of 1.17 and a beta of 1.65. The stock's 50 day simple moving average is $40.14 and its 200 day simple moving average is $40.86.

Institutional Investors Weigh In On The Baldwin Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen Asset Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $10,381,000. Emerald Advisers LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $33,608,000. Principal Financial Group Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $2,320,000. Bamco Inc. NY acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $116,668,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $190,218,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BWIN shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. BMO Capital Markets cut their price target on The Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a report on Friday. Wall Street Zen downgraded The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company raised their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. Two investment 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 MarketBeat.com, The Baldwin Insurance Group has a consensus rating of "Hold" and an average target price 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.