Baldwin Insurance Group (NASDAQ:BWIN) Major Shareholder Sells $1,525,298.58 in Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 71,982 shares of Baldwin Insurance Group stock in a transaction dated 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 approximately $672,570.60. This represents a 69.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock 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 Performance

BWIN opened at $20.18 on Monday. The firm has a market cap of $2.88 billion, a P/E ratio of -30.12, a P/E/G ratio of 0.78 and a beta of 1.23. Baldwin Insurance Group, Inc. has a 12 month low of $15.88 and a 12 month high of $45.16. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average of $22.18 and a 200 day moving average of $23.18.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $532.24 million during the quarter, compared to analysts’ expectations of $524.07 million. Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The company’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. As a group, research analysts forecast that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current year.

Institutional Trading of Baldwin Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. William Blair Investment Management LLC boosted its holdings in shares of Baldwin Insurance Group by 47.8% in the fourth quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock valued at $181,278,000 after purchasing an additional 2,439,118 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in Baldwin Insurance Group by 11,089.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,717,538 shares of the company’s stock valued at $37,683,000 after purchasing an additional 1,702,189 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Baldwin Insurance Group by 36.3% in 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 buying an additional 1,044,200 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of Baldwin Insurance Group by 20.3% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after buying an additional 659,433 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Baldwin Insurance Group by 1,376.4% during the 4th quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after buying an additional 577,345 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BWIN shares. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. UBS Group dropped their target price 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. Wells Fargo & Company boosted their target price on Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Bank of America dropped their target price 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. Finally, Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $20.00 to $30.00 in a research report on Friday, February 27th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, Baldwin Insurance Group presently has an average rating of “Hold” and an average target price of $30.25.

Baldwin Insurance Group Company Profile

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.