Baldwin Insurance Group (NASDAQ:BWIN) Major Shareholder Elizabeth Krystyn Sells 119,987 Shares

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 119,987 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $21.03 on Friday. The company’s 50 day simple moving average is $22.00 and its two-hundred day simple moving average is $25.51. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.16 and a quick ratio of 1.16. Baldwin Insurance Group, Inc. has a 1 year low of $15.88 and a 1 year high of $47.15. The stock has a market capitalization of $2.50 billion, a PE ratio of -42.92, a P/E/G ratio of 0.80 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The firm had revenue of $347.28 million during the quarter, compared to analyst estimates of $351.75 million. During the same period in the previous year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BWIN. Wells Fargo & Company lowered their price target on Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. TD Cowen began coverage on shares of Baldwin Insurance Group in a research report on Wednesday, February 25th. They set a “buy” rating for the company. BMO Capital Markets cut their price target on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, December 4th. Finally, Zacks Research cut shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Baldwin Insurance Group currently has a consensus rating of “Hold” and an average price target of $31.17.

Hedge Funds Weigh In On Baldwin Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund boosted its position in Baldwin Insurance Group by 422.6% during the second quarter. New York State Common Retirement Fund now owns 257,384 shares of the company’s stock valued at $11,019,000 after buying an additional 208,137 shares during the period. Fenimore Asset Management Inc increased its holdings in shares of Baldwin Insurance Group by 44.3% in the third quarter. Fenimore Asset Management Inc now owns 507,057 shares of the company’s stock worth $14,304,000 after buying an additional 155,654 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Baldwin Insurance Group by 84.0% in the second quarter. Envestnet Asset Management Inc. now owns 201,557 shares of the company’s stock worth $8,629,000 after buying an additional 91,991 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Baldwin Insurance Group by 8.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after acquiring an additional 142,506 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Baldwin Insurance Group by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,083 shares of the company’s stock valued at $37,077,000 after acquiring an additional 29,137 shares during the period. Institutional investors own 77.49% of the company’s stock.

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.