Baldwin Insurance Group (NASDAQ:BWIN) Shares Down 6.4% Following Insider Selling

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) dropped 6.4% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $22.13 and last traded at $22.1450. Approximately 698,152 shares traded hands during trading, a decline of 10% from the average daily volume of 777,444 shares. The stock had previously closed at $23.67.

Specifically, insider James Morgan Roche sold 80,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.03, for a total value of $1,922,400.00. Following the completion of the transaction, the insider owned 42,113 shares in the company, valued at $1,011,975.39. This represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $24.20, for a total value of $2,420,000.00. Following the sale, the insider owned 122,113 shares in the company, valued at $2,955,134.60. This trade represents a 45.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In related news, insider James Morgan Roche sold 60,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $23.34, for a total value of $1,400,400.00. Following the completion of the sale, the insider directly owned 222,113 shares of the company’s stock, valued at $5,184,117.42. This represents a 21.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. BMO Capital Markets reduced their price target on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, December 4th. Jefferies Financial Group reissued a “hold” rating and set a $28.00 price objective on shares of Baldwin Insurance Group in a research report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.57.

Baldwin Insurance Group Trading Up 1.9%

The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -52.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The business’s 50 day moving average price is $25.33 and its 200-day moving average price is $31.97.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $365.39 million for the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Institutional Trading of Baldwin Insurance Group

Several large investors have recently bought and sold shares of BWIN. MTM Investment Management LLC purchased a new position in shares of Baldwin Insurance Group in the second quarter valued at $30,000. Elevation Point Wealth Partners LLC acquired a new stake in Baldwin Insurance Group in the 2nd quarter valued at about $58,000. Caitong International Asset Management Co. Ltd purchased a new position in Baldwin Insurance Group during the 3rd quarter valued at about $39,000. Strs Ohio acquired a new position in Baldwin Insurance Group during the first quarter worth about $72,000. Finally, First Horizon Advisors Inc. grew its position in shares of Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock valued at $79,000 after purchasing an additional 419 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.