The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Sells $177,951.68 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Seth Bala Cohen sold 4,496 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $39.58, for a total transaction of $177,951.68. Following the transaction, the general counsel now directly owns 13,240 shares of the company’s stock, valued at $524,039.20. This represents a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Baldwin Insurance Group Stock Up 1.5%

BWIN stock opened at $38.63 on Friday. The company’s 50 day simple moving average is $40.62 and its 200-day simple moving average is $41.30. The firm has a market capitalization of $4.58 billion, a PE ratio of -60.36, a P/E/G ratio of 1.17 and a beta of 1.65. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Institutional Trading of The Baldwin Insurance Group

Several large investors have recently modified their holdings of the business. Rhumbline Advisers grew its position in shares of The Baldwin Insurance Group by 3.9% in the first quarter. Rhumbline Advisers now owns 93,160 shares of the company’s stock valued at $4,163,000 after purchasing an additional 3,478 shares during the last quarter. Strs Ohio acquired a new stake in shares of The Baldwin Insurance Group in the first quarter valued at approximately $72,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of The Baldwin Insurance Group by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock valued at $8,475,000 after buying an additional 11,768 shares during the period. Goldman Sachs Group Inc. boosted its position in The Baldwin Insurance Group by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after acquiring an additional 13,058 shares during the last quarter. Finally, Select Equity Group L.P. boosted its position in The Baldwin Insurance Group by 377.8% during the first quarter. Select Equity Group L.P. now owns 161,226 shares of the company’s stock worth $7,205,000 after acquiring an additional 127,485 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BWIN shares. Wall Street Zen lowered shares of The Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday. Jefferies Financial Group upped their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Wells Fargo & Company upped their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an “outperform” rating and a $53.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.33.

The 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.