Key Points
- Insider sales: Director James Morgan Roche sold a total of 255,000 Baldwin Insurance (NASDAQ: BWIN) shares in early–mid December (15,000 on Dec. 5, 60,000 on Dec. 11, 100,000 on Dec. 12 and 80,000 on Dec. 15) for combined proceeds of about $6.12 million; after the Dec. 11 sale he held 222,113 shares (a 21.27% decrease at that time).
- Stock and analyst view: BWIN opened at $23.67 (1‑year range $21.26–$47.15) with a market cap of ~$2.81B, and analysts have a consensus "Hold" rating with an average target of $36.57 (3 Buy, 5 Hold, 1 Sell).
- Recent results: The company reported $0.31 EPS on Nov. 4, meeting estimates, with revenue of $365.39M (up 7.5% year‑over‑year) but a negative net margin of 1.89%.
Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) insider James Morgan Roche sold 60,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $23.34, for a total transaction of $1,400,400.00. Following the completion of the sale, the insider owned 222,113 shares in the company, valued at approximately $5,184,117.42. This trade represents a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
James Morgan Roche also recently made the following trade(s):
- On Monday, December 15th, James Morgan Roche sold 80,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $24.03, for a total transaction of $1,922,400.00.
- On Friday, December 12th, James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00.
- On Friday, December 5th, James Morgan Roche sold 15,000 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $25.08, for a total value of $376,200.00.
Baldwin Insurance Group Stock Down 1.7%
NASDAQ:BWIN opened at $23.67 on Tuesday. Baldwin Insurance Group, Inc. has a 1 year low of $21.26 and a 1 year high of $47.15. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -55.05, a PEG ratio of 1.13 and a beta of 1.35. The stock has a 50-day moving average price of $25.59 and a two-hundred day moving average price of $32.15.
Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The company had revenue of $365.39 million for the quarter, compared to analyst estimates of $364.14 million. During the same quarter last year, the firm posted $0.33 earnings per share. Baldwin Insurance Group's revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.
Institutional Investors Weigh In On Baldwin Insurance Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWIN. MTM Investment Management LLC bought a new position in shares of Baldwin Insurance Group in the 2nd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in Baldwin Insurance Group during the third quarter valued at approximately $39,000. AlphaQuest LLC boosted its position in Baldwin Insurance Group by 249.2% during the third quarter. AlphaQuest LLC now owns 1,952 shares of the company's stock valued at $55,000 after purchasing an additional 1,393 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Baldwin Insurance Group in the second quarter valued at approximately $58,000. Finally, Strs Ohio acquired a new position in shares of Baldwin Insurance Group during the 1st quarter worth approximately $72,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, October 9th. Wells Fargo & Company raised shares of Baldwin Insurance Group from an "underweight" rating to an "equal weight" rating and set a $25.00 price objective on the stock in a research report on Friday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Baldwin Insurance Group in a research note on Wednesday, October 8th. Zacks Research upgraded Baldwin Insurance Group from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Finally, Wall Street Zen lowered Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $36.57.
Get Our Latest Stock Analysis on Baldwin Insurance Group
About Baldwin Insurance Group
(
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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