Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) insider James Morgan Roche sold 15,000 shares of the firm's stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $25.08, for a total transaction of $376,200.00. Following the completion of the sale, the insider owned 42,113 shares of the company's stock, valued at $1,056,194.04. This trade represents a 26.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Baldwin Insurance Group Stock Performance
Shares of NASDAQ:BWIN opened at $22.21 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45. Baldwin Insurance Group, Inc. has a 12 month low of $21.26 and a 12 month high of $47.15. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -51.65, a PEG ratio of 1.07 and a beta of 1.35. The firm's 50-day moving average is $25.95 and its 200 day moving average is $32.57.
Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $365.39 million during the quarter, compared to the consensus estimate 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 firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. Research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.
Analyst Upgrades and Downgrades
BWIN has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Baldwin Insurance Group from $52.00 to $47.00 and set a "buy" rating for the company in a report on Monday, November 10th. Wall Street Zen lowered shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Wells Fargo & Company raised their price target on shares of Baldwin Insurance Group from $24.00 to $25.00 and gave the stock an "underweight" rating in a research note on Friday, December 5th. JPMorgan Chase & Co. decreased their price objective on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Baldwin Insurance Group in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $38.57.
Check Out Our Latest Stock Report on BWIN
Institutional Trading of Baldwin Insurance Group
Several institutional investors and hedge funds have recently made changes to their positions in BWIN. Champlain Investment Partners LLC lifted its stake in Baldwin Insurance Group by 20.3% in the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company's stock worth $110,467,000 after acquiring an additional 659,433 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Baldwin Insurance Group by 62.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company's stock valued at $144,462,000 after purchasing an additional 1,238,650 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Baldwin Insurance Group by 8.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company's stock worth $82,218,000 after purchasing an additional 142,506 shares during the period. Geode Capital Management LLC boosted its stake in shares of Baldwin Insurance Group by 4.9% during the second quarter. Geode Capital Management LLC now owns 1,695,758 shares of the company's stock valued at $72,604,000 after purchasing an additional 79,869 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Baldwin Insurance Group by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company's stock valued at $42,713,000 after buying an additional 158,199 shares during the period. 77.49% of the stock is currently owned by institutional investors.
Baldwin Insurance Group Company Profile
(
Get Free Report)
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.
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