The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Sells $1,403,718.22 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Lowry Baldwin sold 34,901 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the sale, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. This trade represents a 27.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $40.92 on Thursday. The business has a 50-day simple moving average of $39.94 and a 200 day simple moving average of $44.55. The Baldwin Insurance Group, Inc. has a 52 week low of $26.08 and a 52 week high of $55.82. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of -63.94, a PEG ratio of 1.17 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $3,353,000. Continuum Advisory LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter worth $75,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in The Baldwin Insurance Group in the fourth quarter valued at $6,894,000. Westwood Holdings Group Inc. purchased a new stake in The Baldwin Insurance Group during the fourth quarter valued at about $77,164,000. Finally, Two Sigma Investments LP bought a new stake in The Baldwin Insurance Group during the fourth quarter worth about $1,529,000. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWIN has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods cut their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. decreased their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.50.

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.