Seth Bala Cohen Sells 12,293 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Seth Bala Cohen sold 12,293 shares of the company’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 sale, the general counsel now owns 8,813 shares of the company’s stock, valued at $366,092.02. This trade 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 can be accessed through this link.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $41.14 on Friday. The company has a 50 day moving average price of $39.88 and a 200 day moving average price of $44.58. The firm has a market capitalization of $4.84 billion, a P/E ratio of -64.28, a PEG ratio of 1.17 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 52 week low of $26.08 and a 52 week high of $55.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth about $33,000. TD Waterhouse Canada Inc. purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at about $36,000. Assetmark Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at about $38,000. Finally, Premier Fund Managers Ltd purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BWIN shares. Keefe, Bruyette & Woods reduced their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company lowered their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday. One equities 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 given a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $43.50.

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.