The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Lowry Baldwin Sells 62,500 Shares

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) Director Lowry Baldwin sold 62,500 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $38.32, for a total value of $2,395,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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.
• On Monday, March 3rd, Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22.

The Baldwin Insurance Group Stock Up 4.4%

Shares of The Baldwin Insurance Group stock traded up $1.70 during trading hours on Tuesday, hitting $40.40. 450,585 shares of the company's stock traded hands, compared to its average volume of 559,137. The company has a market cap of $4.79 billion, a PE ratio of -63.13, a PEG ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82. The stock has a 50 day simple moving average of $40.99 and a 200-day simple moving average of $41.37. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 target price (up 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 The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. 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. Finally, BMO Capital Markets began coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.33.

Hedge Funds Weigh In On The Baldwin Insurance Group

Hedge funds have recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $33,000. TD Waterhouse Canada Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $36,000. Assetmark Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $38,000. Finally, Premier Fund Managers Ltd acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $44,000. 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.