Insider Selling: The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Sells 12,293 Shares of Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares of the company’s stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Baldwin Insurance Group Stock Performance

BWIN stock opened at $41.14 on Friday. The Baldwin Insurance Group, Inc. has a one year low of $26.08 and a one year high of $55.82. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -64.28, a PEG ratio of 1.17 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50-day simple moving average of $39.88 and a two-hundred day simple moving average of $44.55.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $3,353,000. Continuum Advisory LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at $75,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth $6,894,000. Westwood Holdings Group Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $77,164,000. Finally, Two Sigma Investments LP acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $1,529,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on BWIN shares. Wells Fargo & Company lowered their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

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.