Trevor Baldwin Sells 68,740 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CEO Trevor Baldwin sold 68,740 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the completion of the transaction, the chief executive officer now directly owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, March 14th, Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66.

The Baldwin Insurance Group Stock Up 3.0 %

Shares of NASDAQ:BWIN opened at $39.97 on Monday. The Baldwin Insurance Group, Inc. has a 52 week low of $26.08 and a 52 week high of $55.82. 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 $4.70 billion, a PE ratio of -62.45, a PEG ratio of 1.17 and a beta of 1.72. The company has a 50 day moving average price of $40.05 and a two-hundred day moving average price of $44.31.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BWIN shares. Wells Fargo & Company dropped their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods dropped their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Institutional Investors Weigh In On The Baldwin Insurance Group

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $5,115,000. JPMorgan Chase & Co. boosted its holdings in shares of The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares during the period. Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $788,000. Harbor Capital Advisors Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $2,000,000. Finally, Peapack Gladstone Financial Corp acquired a new position in shares of The Baldwin Insurance Group in the third quarter valued at approximately $263,000. Institutional investors own 77.49% of the company’s stock.

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.