James Morgan Roche Sells 7,142 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 7,142 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $40.08, for a total transaction of $286,251.36. Following the completion of the sale, the insider now owns 79,686 shares in the company, valued at $3,193,814.88. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

James Morgan Roche also recently made the following trade(s):

• On Friday, May 16th, James Morgan Roche sold 3,572 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88.
• On Thursday, May 15th, James Morgan Roche sold 14,222 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.01, for a total transaction of $569,022.22.
• On Tuesday, May 13th, James Morgan Roche sold 13,340 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.02, for a total transaction of $533,866.80.
• On Thursday, May 8th, James Morgan Roche sold 21,035 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.05, for a total transaction of $842,451.75.

The Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $38.63 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -60.36, a PEG ratio of 1.17 and a beta of 1.65. The company’s 50 day simple moving average is $40.51 and its 200 day simple moving average is $41.26. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On The Baldwin Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of BWIN. Nuveen Asset Management LLC purchased a new position in The Baldwin Insurance Group during the fourth quarter worth approximately $10,381,000. Emerald Advisers LLC purchased a new position in The Baldwin Insurance Group during the fourth quarter worth approximately $33,608,000. Principal Financial Group Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter worth approximately $2,320,000. Bamco Inc. NY purchased a new position in The Baldwin Insurance Group during the fourth quarter worth approximately $116,668,000. Finally, William Blair Investment Management LLC purchased a new position in The Baldwin Insurance Group during the fourth quarter worth approximately $190,218,000. Hedge funds and other 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.