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 firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the sale, the chief executive officer now owns 27,676 shares in the company, valued at $1,102,335.08. The trade was a 80.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $38.48, for a total transaction of $2,231,840.00.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded down $0.25 during mid-day trading on Friday, hitting $39.12. The company had a trading volume of 675,686 shares, compared to its average volume of 572,677. 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 business's 50-day simple moving average is $40.14 and its 200-day simple moving average is $40.97. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The firm has a market cap of $4.64 billion, a P/E ratio of -61.13, a PEG ratio of 1.17 and a beta of 1.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWIN. Rhumbline Advisers bought a new position in The Baldwin Insurance Group during the fourth quarter worth about $3,476,000. Pathway Financial Advisors LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $4,469,000. State of New Jersey Common Pension Fund D bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $1,840,000. Principal Financial Group Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $2,320,000. Finally, Truist Financial Corp acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $397,000. Institutional investors own 77.49% of the company's stock.

Wall Street Analyst Weigh In

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