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

The Baldwin Insurance Group, Inc. (NASDAQ:BWINGet Free Report) 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:BWINGet Free Report) 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:BWINFree Report) 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.

Read Our Latest Research Report on BWIN

About The Baldwin Insurance Group

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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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Insider Buying and Selling by Quarter for The Baldwin Insurance Group (NASDAQ:BWIN)

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