The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Major Shareholder Sells $3,801,573.30 in Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Elizabeth Krystyn also recently made the following trade(s):

• On Monday, December 9th, Elizabeth Krystyn sold 191,307 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $40.96 on Friday. The stock’s 50 day moving average is $48.20 and its 200 day moving average is $43.60. The Baldwin Insurance Group, Inc. has a one year low of $21.70 and a one year high of $55.82. The firm has a market cap of $4.82 billion, a P/E ratio of -64.00, a P/E/G ratio of 1.27 and a beta of 1.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The firm had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same quarter last year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts expect that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Institutional Trading of The Baldwin Insurance Group

An institutional investor recently bought a new position in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned 0.50% of The Baldwin Insurance Group at the end of the most recent reporting period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BWIN shares. Jefferies Financial Group increased their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, The Baldwin Insurance Group has an average rating of “Moderate Buy” and an average target price of $46.83.

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.