The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) insider James Morgan Roche sold 26,679 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the sale, the insider now directly owns 42,113 shares in the company, valued at $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
James Morgan Roche also recently made the following trade(s):
- On Thursday, June 12th, James Morgan Roche sold 10,894 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.03, for a total transaction of $436,086.82.
- 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 Down 1.0%
Shares of BWIN stock traded down $0.41 during mid-day trading on Monday, reaching $38.71. 681,362 shares of the company's stock traded hands, compared to its average volume of 574,341. The Baldwin Insurance Group, Inc. has a 12 month low of $32.46 and a 12 month high of $55.82. The company has a market cap of $4.59 billion, a P/E ratio of -60.48, a P/E/G ratio of 1.17 and a beta of 1.65. 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's 50-day moving average price is $40.14 and its 200-day moving average price is $40.86.
Analyst Ratings Changes
Several research firms have commented on BWIN. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Wall Street Zen cut shares of The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Wells Fargo & Company lifted their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. Jefferies Financial Group lifted their price target on shares of 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 cut 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 report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $44.83.
Read Our Latest Stock Analysis on BWIN
Institutional Trading of The Baldwin Insurance Group
A number of hedge funds have recently modified their holdings of BWIN. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $36,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $38,000. Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $44,000. First Horizon Advisors Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $55,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter worth about $59,000. Institutional investors own 77.49% of the company's stock.
About The Baldwin Insurance Group
(
Get Free Report)
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.
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