Key Points
- Major shareholder Elizabeth Krystyn sold 71,982 shares of Baldwin Insurance Group at an average price of $21.19, a transaction worth about $1.53 million. After the sale, her holdings fell by 69.4% to 31,740 shares.
- Krystyn also made two other large recent sales on May 7 and March 6, totaling 130,018 shares and 119,987 shares, respectively, both at around $21.20-$21.25 per share.
- Baldwin Insurance Group reported mixed quarterly results, with revenue of $532.24 million beating estimates but EPS of $0.63 missing expectations by a penny. The stock opened at $20.18 and was down 3.8% in Friday trading.
Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) major shareholder Elizabeth Krystyn sold 71,982 shares of the business's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $21.19, for a total value of $1,525,298.58. Following the completion of the transaction, the insider owned 31,740 shares of the company's stock, valued at $672,570.60. This represents a 69.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Elizabeth Krystyn also recently made the following trade(s):
- On Thursday, May 7th, Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60.
- On Friday, March 6th, Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $21.25, for a total value of $2,549,723.75.
Baldwin Insurance Group Stock Down 3.8%
BWIN stock opened at $20.18 on Friday. Baldwin Insurance Group, Inc. has a 1-year low of $15.88 and a 1-year high of $45.16. The business has a fifty day moving average price of $22.18 and a 200-day moving average price of $23.18. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.16. The stock has a market capitalization of $2.88 billion, a P/E ratio of -30.12, a P/E/G ratio of 0.81 and a beta of 1.23.
Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The business had revenue of $532.24 million during the quarter, compared to analysts' expectations of $524.07 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm's revenue for the quarter was up 28.7% compared to the same quarter last year. Equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current fiscal year.
Institutional Trading of Baldwin Insurance Group
A number of hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Baldwin Insurance Group by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company's stock valued at $1,795,000 after purchasing an additional 2,309 shares during the period. Millennium Management LLC grew its holdings in Baldwin Insurance Group by 371.9% during the first quarter. Millennium Management LLC now owns 254,734 shares of the company's stock valued at $11,384,000 after purchasing an additional 200,754 shares during the period. NewEdge Advisors LLC grew its holdings in Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company's stock valued at $495,000 after purchasing an additional 700 shares during the period. Goldman Sachs Group Inc. grew its holdings in Baldwin Insurance Group by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company's stock valued at $16,964,000 after purchasing an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Baldwin Insurance Group by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company's stock valued at $8,475,000 after purchasing an additional 11,768 shares during the period. Hedge funds and other institutional investors own 77.49% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Wells Fargo & Company upped their price objective on Baldwin Insurance Group from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Tuesday. Wall Street Zen upgraded Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. UBS Group reduced their price objective on Baldwin Insurance Group from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, March 9th. Keefe, Bruyette & Woods reduced their price objective on Baldwin Insurance Group from $29.00 to $26.00 and set an "outperform" rating for the company in a research report on Tuesday, April 7th. Finally, Bank of America reduced their price objective on Baldwin Insurance Group from $38.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.25.
Read Our Latest Stock Analysis on Baldwin Insurance Group
Baldwin Insurance Group Company Profile
(
Get Free Report)
Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers' compensation exposures.
Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.
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