The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Major Shareholder Sells $8,643,250.26 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the completion of the sale, the insider now owns 232,570 shares of the company’s stock, valued at approximately $10,507,512.60. This trade represents a 45.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% 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 Wednesday, December 11th, Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $40.96 on Friday. The Baldwin Insurance Group, Inc. has a 12 month low of $21.70 and a 12 month high of $55.82. 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 stock has a market cap of $4.82 billion, a PE ratio of -64.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The business has a fifty day simple moving average of $48.20 and a 200-day simple moving average of $43.60.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, sell-side analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned about 0.50% of The Baldwin Insurance Group at the end of the most recent quarter. Institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

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