Insider Selling: The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Insider Sells 150,000 Shares of Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 150,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $42.17, for a total value of $6,325,500.00. Following the sale, the insider now directly owns 184,226 shares of the company’s stock, valued at approximately $7,768,810.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, August 19th, James Morgan Roche sold 75,380 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $42.79, for a total value of $3,225,510.20.
• On Wednesday, August 14th, James Morgan Roche sold 2,547 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $41.45, for a total transaction of $105,573.15.
• On Monday, August 12th, James Morgan Roche sold 85,222 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $41.50, for a total transaction of $3,536,713.00.
• On Thursday, August 8th, James Morgan Roche sold 36,684 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $41.96, for a total transaction of $1,539,260.64.

The Baldwin Insurance Group Trading Up 1.6 %

The Baldwin Insurance Group stock opened at $43.11 on Thursday. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of -46.86, a P/E/G ratio of 1.18 and a beta of 1.58. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The Baldwin Insurance Group, Inc. has a twelve month low of $17.33 and a twelve month high of $44.87. The stock’s fifty day moving average is $38.92.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $339.80 million for the quarter, compared to the consensus estimate of $334.95 million. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. The Baldwin Insurance Group’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. Sell-side analysts predict that The Baldwin Insurance Group, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BWIN has been the subject of several research reports. Raymond James reiterated a “strong-buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of The Baldwin Insurance Group in a report on Wednesday, May 22nd. Wells Fargo & Company lifted their price objective on The Baldwin Insurance Group from $34.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods lifted their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, UBS Group boosted their price target on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of “Buy” and an average price target of $43.60.

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.