Lowry Baldwin Sells 62,500 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Lowry Baldwin sold 62,500 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $39.00, for a total value of $2,437,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Lowry Baldwin also recently made the following trade(s):

• On Monday, March 3rd, Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22.

The Baldwin Insurance Group Stock Up 3.9%

Shares of BWIN opened at $39.80 on Friday. The business’s 50 day simple moving average is $41.93 and its 200-day simple moving average is $42.03. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The company has a market capitalization of $4.68 billion, a P/E ratio of -62.19, a PEG ratio of 1.17 and a beta of 1.77. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Analyst Ratings Changes

Several brokerages have issued reports on BWIN. JPMorgan Chase & Co. reissued a “neutral” rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. BMO Capital Markets began coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 target price for the company. Wells Fargo & Company upped their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, April 10th. Finally, Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $45.29.

Institutional Trading of The Baldwin Insurance Group

Several large investors have recently made changes to their positions in the business. KBC Group NV increased its stake in shares of The Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock valued at $164,000 after buying an additional 396 shares during the period. US Bancorp DE lifted its stake in The Baldwin Insurance Group by 6.5% in the first quarter. US Bancorp DE now owns 7,337 shares of the company’s stock valued at $328,000 after buying an additional 450 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in The Baldwin Insurance Group by 3.3% in the 1st quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company’s stock worth $775,000 after purchasing an additional 550 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of The Baldwin Insurance Group by 5.7% during the first quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company’s stock worth $582,000 after buying an additional 700 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of The Baldwin Insurance Group by 0.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 109,566 shares of the company’s stock worth $4,897,000 after acquiring an additional 742 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

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.