James Morgan Roche Sells 2,547 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 2,547 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $41.45, for a total transaction of $105,573.15. Following the completion of the transaction, the insider now owns 245,817 shares of the company’s stock, valued at approximately $10,189,114.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

James Morgan Roche also recently made the following trade(s):

• On Monday, August 12th, James Morgan Roche sold 85,222 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $41.50, for a total transaction of $3,536,713.00.
• On Thursday, August 8th, James Morgan Roche sold 36,684 shares of The Baldwin Insurance Group stock. The stock was sold at an average price of $41.96, for a total transaction of $1,539,260.64.

The Baldwin Insurance Group Trading Down 0.6 %

BWIN stock traded down $0.26 on Wednesday, hitting $40.91. The company’s stock had a trading volume of 481,406 shares, compared to its average volume of 409,606. The firm’s 50 day simple moving average is $37.96. The Baldwin Insurance Group, Inc. has a 1 year low of $17.33 and a 1 year high of $44.87. The stock has a market capitalization of $4.81 billion, a PE ratio of -44.47, a price-to-earnings-growth ratio of 1.18 and a beta of 1.58. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $339.80 million during 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 Baldwin Insurance Group’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. As a group, equities analysts forecast that The Baldwin Insurance Group, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on BWIN. JPMorgan Chase & Co. boosted their price target on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wells Fargo & Company boosted their price target on shares of The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. UBS Group upped their target price 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. Keefe, Bruyette & Woods upped their target price 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. Finally, Raymond James restated a “strong-buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of The Baldwin Insurance Group in a report on Wednesday, May 22nd. One equities research 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.com, the company presently has a consensus rating of “Buy” and a consensus price target of $43.60.

About The Baldwin Insurance Group

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.