Lowry Baldwin Sells 50,000 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Lowry Baldwin sold 50,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $46.74, for a total transaction of $2,337,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Lowry Baldwin also recently made the following trade(s):

• On Tuesday, August 13th, Lowry Baldwin sold 20,000 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $41.36, for a total transaction of $827,200.00.

The Baldwin Insurance Group Stock Up 0.3 %

Shares of BWIN traded up $0.12 on Friday, hitting $46.89. 622,960 shares of the stock traded hands, compared to its average volume of 409,409. 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 stock has a market cap of $5.51 billion, a price-to-earnings ratio of -50.97, a P/E/G ratio of 1.18 and a beta of 1.58. The firm has a 50 day moving average price of $40.60. The Baldwin Insurance Group, Inc. has a 1 year low of $17.33 and a 1 year high of $47.31.

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

Wall Street Analysts Forecast Growth

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