Insider Selling: The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Major Shareholder Sells $3,801,573.30 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Elizabeth Krystyn also recently made the following trade(s):

• On Monday, December 9th, Elizabeth Krystyn sold 191,307 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26.

The Baldwin Insurance Group Trading Down 2.0 %

The Baldwin Insurance Group stock opened at $40.96 on Friday. The Baldwin Insurance Group, Inc. has a 52 week low of $21.70 and a 52 week high of $55.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $4.82 billion, a PE ratio of -64.00, a PEG ratio of 1.27 and a beta of 1.58. The business’s 50-day simple moving average is $48.20 and its 200-day simple moving average is $43.60.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On The Baldwin Insurance Group

A hedge fund recently bought a new stake in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned 0.50% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BWIN. Wells Fargo & Company reiterated an “underweight” rating and issued a $41.00 price objective (down from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Jefferies Financial Group raised their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, The Baldwin Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $46.83.

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.