The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells $286,251.36 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) insider James Morgan Roche sold 7,142 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $40.08, for a total transaction of $286,251.36. Following the sale, the insider now directly owns 79,686 shares in the company, valued at $3,193,814.88. This trade represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

James Morgan Roche also recently made the following trade(s):

• 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 shares were 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 shares were 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 Performance

BWIN traded up $0.58 during mid-day trading on Friday, reaching $38.63. 346,412 shares of the company traded hands, compared to its average volume of 557,636. The company's fifty day moving average price is $40.62 and its 200-day moving average price is $41.30. The stock has a market capitalization of $4.58 billion, a P/E ratio of -60.36, 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 Baldwin Insurance Group, Inc. has a 52-week low of $31.47 and a 52-week high of $55.82.

Institutional Trading of The Baldwin Insurance Group

A number of hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter worth about $10,381,000. Emerald Advisers LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth approximately $33,608,000. Principal Financial Group Inc. bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $2,320,000. Bamco Inc. NY bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $116,668,000. Finally, William Blair Investment Management LLC purchased a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $190,218,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented 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 research note on Friday, April 11th. BMO Capital Markets started coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. Wells Fargo & Company lifted their price objective 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. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $45.33.

The Baldwin Insurance Group Company Profile

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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