The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells $1,069,027.53 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) insider James Morgan Roche sold 26,679 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the sale, the insider now directly owns 42,113 shares of the company's stock, valued at approximately $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was 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 shares were sold at an average price of $40.04, for a total value 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 value of $842,451.75.

The Baldwin Insurance Group Price Performance

NASDAQ BWIN traded down $0.25 on Friday, hitting $39.12. 675,686 shares of the company were exchanged, compared to its average volume of 571,208. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The firm has a 50 day moving average of $40.13 and a two-hundred day moving average of $41.04. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market cap of $4.64 billion, a P/E ratio of -61.13, a P/E/G ratio of 1.17 and a beta of 1.65.

Hedge Funds Weigh In On The Baldwin Insurance Group

Several hedge funds have recently added to or reduced their stakes in BWIN. KBC Group NV raised its holdings in The Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock worth $164,000 after purchasing an additional 396 shares during the last quarter. US Bancorp DE grew its position in shares of The Baldwin Insurance Group by 6.5% during the 1st quarter. US Bancorp DE now owns 7,337 shares of the company's stock worth $328,000 after buying an additional 450 shares during the period. Toth Financial Advisory Corp raised its stake in shares of The Baldwin Insurance Group by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company's stock worth $775,000 after buying an additional 550 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of The Baldwin Insurance Group by 5.7% during the first quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company's stock worth $582,000 after buying an additional 700 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in The Baldwin Insurance Group by 6.7% in the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company's stock valued at $495,000 after buying an additional 700 shares during the period. Institutional investors own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BWIN. Wells Fargo & Company lifted their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. Jefferies Financial Group lifted their price objective on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. BMO Capital Markets decreased their price objective on shares of 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 lowered The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.

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