The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Seth Bala Cohen Sells 4,496 Shares

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) General Counsel Seth Bala Cohen sold 4,496 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $39.58, for a total transaction of $177,951.68. Following the completion of the sale, the general counsel now owns 13,240 shares of the company's stock, valued at approximately $524,039.20. The trade was a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN traded down $0.69 during trading on Thursday, hitting $38.05. The company's stock had a trading volume of 287,040 shares, compared to its average volume of 558,481. The company has a 50-day moving average of $40.75 and a 200-day moving average of $41.34. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. 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 firm has a market cap of $4.51 billion, a price-to-earnings ratio of -59.45, a P/E/G ratio of 1.17 and a beta of 1.65.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price on the stock. Finally, Wells Fargo & Company increased their price objective on shares of 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, The Baldwin Insurance Group presently has a consensus rating of "Hold" and a consensus price target of $45.33.

Hedge Funds Weigh In On The Baldwin Insurance Group

Several institutional investors have recently made changes to their positions in the business. FMR LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $325,535,000. Vanguard Group Inc. bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $255,331,000. William Blair Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $190,218,000. T. Rowe Price Investment Management Inc. lifted its position in shares of The Baldwin Insurance Group by 62.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company's stock worth $144,462,000 after purchasing an additional 1,238,650 shares during the last quarter. Finally, Bamco Inc. NY bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $116,668,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.