Baldwin Insurance Group (NASDAQ:BWIN) Insider James Morgan Roche Sells 60,000 Shares of Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 60,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $23.34, for a total transaction of $1,400,400.00. Following the transaction, the insider owned 222,113 shares of the company’s stock, valued at approximately $5,184,117.42. The trade was a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 15th, James Morgan Roche sold 80,000 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $24.03, for a total transaction of $1,922,400.00.
• On Friday, December 12th, James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00.
• On Friday, December 5th, James Morgan Roche sold 15,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $25.08, for a total transaction of $376,200.00.

Baldwin Insurance Group Trading Down 1.7%

Shares of BWIN opened at $23.67 on Tuesday. Baldwin Insurance Group, Inc. has a 12-month low of $21.26 and a 12-month high of $47.15. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -55.05, a P/E/G ratio of 1.13 and a beta of 1.35. The stock’s 50-day moving average price is $25.59 and its 200 day moving average price is $32.15.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $365.39 million during the quarter, compared to the consensus estimate of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. As a group, research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Institutional Trading of Baldwin Insurance Group

Several large investors have recently added to or reduced their stakes in BWIN. American Century Companies Inc. lifted its holdings in Baldwin Insurance Group by 561.6% during the 1st quarter. American Century Companies Inc. now owns 451,360 shares of the company’s stock worth $20,171,000 after buying an additional 383,137 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Baldwin Insurance Group during the first quarter worth $1,860,000. Invesco Ltd. grew its stake in shares of Baldwin Insurance Group by 794.2% during the first quarter. Invesco Ltd. now owns 556,775 shares of the company’s stock worth $24,882,000 after purchasing an additional 494,508 shares during the period. Comerica Bank increased its holdings in Baldwin Insurance Group by 33.3% in the first quarter. Comerica Bank now owns 79,111 shares of the company’s stock valued at $3,535,000 after purchasing an additional 19,762 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Baldwin Insurance Group by 422.6% in the second quarter. New York State Common Retirement Fund now owns 257,384 shares of the company’s stock valued at $11,019,000 after buying an additional 208,137 shares during the period. 77.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Wall Street Zen cut shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, October 8th. BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, December 4th. Finally, UBS Group lowered their price objective on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Baldwin Insurance Group currently has an average rating of “Hold” and an average target price of $36.57.

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.