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

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was down 6.4% during trading on Tuesday following insider selling activity. 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 sale, the insider owned 42,113 shares in the company, valued at $1,011,975.39. This represents a 65.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction, the insider owned 122,113 shares in the company, valued at approximately $2,955,134.60. This represents a 45.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other Baldwin Insurance Group news, insider James Morgan Roche sold 60,000 shares of the business’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 transaction, the insider directly owned 222,113 shares of the company’s stock, valued at approximately $5,184,117.42. The trade was a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BMO Capital Markets dropped their price target on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Thursday, December 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price target for the company in a report on Friday. Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Baldwin Insurance Group in a research report on Monday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.57.

Baldwin Insurance Group Stock Performance

The stock’s 50-day moving average price is $25.59 and its 200 day moving average price is $32.15. The firm has a market cap of $2.64 billion, a P/E ratio of -51.72, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $365.39 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. As a group, equities analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BWIN. MTM Investment Management LLC acquired a new position in shares of Baldwin Insurance Group during the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Baldwin Insurance Group in the 3rd quarter valued at approximately $39,000. AlphaQuest LLC grew its stake in shares of Baldwin Insurance Group by 249.2% in the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after buying an additional 1,393 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Baldwin Insurance Group during the second quarter worth $58,000. Finally, Strs Ohio bought a new stake in Baldwin Insurance Group during the first quarter worth $72,000. 77.49% of the stock is owned by institutional investors and hedge funds.

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.