Baldwin Insurance Group (NASDAQ:BWIN) Major Shareholder Elizabeth Krystyn Sells 130,018 Shares

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large 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 Wednesday, May 6th, Elizabeth Krystyn sold 71,982 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $21.19, for a total value of $1,525,298.58.
• 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 transaction of $2,549,723.75.

Baldwin Insurance Group Trading Down 3.8%

NASDAQ:BWIN traded down $0.80 during trading hours on Friday, hitting $20.18. The stock had a trading volume of 1,098,559 shares, compared to its average volume of 1,637,630. Baldwin Insurance Group, Inc. has a one year low of $15.88 and a one year high of $45.16. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.16 and a current ratio of 1.08. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -30.12, a P/E/G ratio of 0.79 and a beta of 1.23. The business’s 50 day moving average is $22.18 and its 200-day moving average is $23.18.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The firm had revenue of $532.24 million during the quarter, compared to analyst estimates of $524.07 million. During the same period last year, the firm earned $0.65 EPS. Baldwin Insurance Group’s quarterly revenue was up 28.7% on a year-over-year basis. Sell-side analysts anticipate that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Baldwin Insurance Group

Large investors have recently modified their holdings of the business. William Blair Investment Management LLC grew its holdings in shares of Baldwin Insurance Group by 47.8% in the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock valued at $181,278,000 after acquiring an additional 2,439,118 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Baldwin Insurance Group by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 6,851,874 shares of the company’s stock worth $164,651,000 after purchasing an additional 287,241 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Baldwin Insurance Group by 36.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock worth $85,963,000 after purchasing an additional 1,044,200 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of Baldwin Insurance Group by 20.3% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after purchasing an additional 659,433 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of Baldwin Insurance Group by 15.0% in the 4th quarter. Capital International Investors now owns 3,618,132 shares of the company’s stock valued at $86,944,000 after buying an additional 472,703 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BWIN. Keefe, Bruyette & Woods lowered their price objective on shares of 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. TD Cowen assumed coverage on shares of Baldwin Insurance Group in a research note on Wednesday, February 25th. They issued a “buy” rating for the company. UBS Group dropped their price target on Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $20.00 to $30.00 in a report on Friday, February 27th. 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 assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Baldwin Insurance Group currently has a consensus rating of “Hold” and an average price target of $30.25.

About Baldwin Insurance Group

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.