Baldwin Insurance Group (NASDAQ:BWIN) Major Shareholder Elizabeth Krystyn Sells 130,018 Shares of Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Elizabeth Krystyn also recently made the following trade(s):

• On Wednesday, May 6th, Elizabeth Krystyn sold 71,982 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $21.19, for a total value of $1,525,298.58.
• On Friday, March 6th, Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $21.25, for a total value of $2,549,723.75.

Baldwin Insurance Group Trading Down 3.8%

Shares of BWIN opened at $20.18 on Friday. The stock has a fifty day moving average price of $22.18 and a two-hundred day moving average price of $23.18. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.16 and a current ratio of 1.08. Baldwin Insurance Group, Inc. has a 52-week low of $15.88 and a 52-week high of $45.16. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -30.12, a PEG ratio of 0.81 and a beta of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The business had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. Analysts predict that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Baldwin Insurance Group by 666.5% in the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after buying an additional 1,053 shares during the last quarter. Dorato Capital Management bought a new position in Baldwin Insurance Group in the 4th quarter valued at $35,000. Caitong International Asset Management Co. Ltd bought a new position in Baldwin Insurance Group in the 3rd quarter valued at $39,000. Strs Ohio bought a new position in Baldwin Insurance Group in the 1st quarter valued at $72,000. Finally, Wealth Preservation Advisors LLC bought a new position in Baldwin Insurance Group in the 4th quarter valued at $46,000. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Wells Fargo & Company lifted their price objective on Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. UBS Group decreased their price objective on Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Finally, TD Cowen started coverage on Baldwin Insurance Group in a research report on Wednesday, February 25th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.25.

About Baldwin Insurance Group

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.