The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) General Counsel Seth Bala Cohen Sells 12,293 Shares of 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 that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the transaction, the general counsel now owns 8,813 shares in the company, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

The Baldwin Insurance Group Trading Up 2.9 %

The Baldwin Insurance Group stock opened at $41.14 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 12-month low of $26.08 and a 12-month high of $55.82. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -64.28, a P/E/G ratio of 1.17 and a beta of 1.63. The firm has a 50 day moving average of $39.88 and a 200 day moving average of $44.55.

Hedge Funds Weigh In On The Baldwin Insurance Group

Hedge funds have recently made changes to their positions in the business. Lord Abbett & CO. LLC purchased a new position in shares of The Baldwin Insurance Group in the third quarter worth $29,447,000. JPMorgan Chase & Co. boosted its stake in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group during the 3rd quarter valued at approximately $263,000. Confluence Investment Management LLC bought a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $16,747,000. Finally, Diversified Trust Co bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $788,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BWIN. Keefe, Bruyette & Woods dropped their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company lowered their price objective on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday. Finally, 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 note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.