Elizabeth Krystyn Sells 119,987 Shares of Baldwin Insurance Group (NASDAQ:BWIN) Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Baldwin Insurance Group Stock Down 5.4%

BWIN opened at $21.03 on Friday. Baldwin Insurance Group, Inc. has a twelve month low of $15.88 and a twelve month high of $47.15. The company’s 50-day moving average price is $22.00 and its two-hundred day moving average price is $25.46. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of -42.92, a PEG ratio of 0.76 and a beta of 1.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $347.28 million during the quarter, compared to analyst estimates of $351.75 million. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. Baldwin Insurance Group’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. As a group, equities analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $20.00 to $30.00 in a research note on Friday, February 27th. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. decreased their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, January 7th. BMO Capital Markets lowered their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Thursday, December 4th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $28.00 price objective on shares of Baldwin Insurance Group in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Baldwin Insurance Group has an average rating of “Hold” and an average target price of $31.17.

Institutional Investors Weigh In On Baldwin Insurance Group

Several institutional investors have recently made changes to their positions in BWIN. William Blair Investment Management LLC boosted its holdings in shares of Baldwin Insurance Group by 47.8% in the fourth quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after acquiring an additional 2,439,118 shares during the period. Fiera Capital Corp bought a new stake in shares of Baldwin Insurance Group during the 2nd quarter valued at $33,346,000. Champlain Investment Partners LLC lifted its holdings in Baldwin Insurance Group by 20.3% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after purchasing an additional 659,433 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Baldwin Insurance Group by 25.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,873,887 shares of the company’s stock worth $69,060,000 after purchasing an additional 579,936 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Baldwin Insurance Group by 1,376.4% in the 4th quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after purchasing an additional 577,345 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.