Daniel Galbraith, an executive at Baldwin Insurance Group, Inc. (NASDAQ:BWIN), has sold a total of 75,000 shares of the company's Class A Common Stock for an aggregate amount exceeding $3.4 million. The transactions, which were executed on August 29, 2024, were sold at prices ranging from $45.98 to $46.76, with a weighted average price of $46.33 per share.
The sale was part of a series of transactions involving both Class A and Class B Common Stock, as well as LLC Units in The Baldwin Insurance Group Holdings, LLC. Following the sale, the executive's direct holdings in Class A Common Stock dropped to zero, as detailed in the latest SEC filing.
In addition to the sales, the report also indicated a conversion transaction that resulted in the acquisition of 75,000 shares of Class A Common Stock, which were subsequently disposed of on the same day. This transaction was conducted at a price of $0.0, reflecting an internal conversion rather than an open market transaction.
The filing also noted that the securities involved in the transactions are held by trusts where Galbraith is the sole trustee and beneficiary, or his spouse serves as the sole trustee. These trusts ensure that the executive maintains indirect control over the securities.
Investors often monitor such filings to get insights into executives' perspectives on their company's stock performance and future potential. The sale by a high-ranking executive at Baldwin Insurance Group, Inc. might be of particular interest to current and potential shareholders looking to gauge insider sentiment.
For more detailed information on the executive's transactions, interested parties can refer to the full SEC Form 4 filing.
InvestingPro Insights
Amidst the news of Daniel Galbraith's stock transactions, Baldwin Insurance Group, Inc. (NASDAQ:BWIN) presents an intriguing financial profile. According to recent metrics, the company has a market capitalization of $5.54 billion and has experienced a revenue growth of 15.72% over the last twelve months as of Q2 2024. Despite not being profitable over the same period, with a P/E ratio of -59.71, analysts anticipate a turnaround, predicting that the company will be profitable this year.
Investors considering Baldwin Insurance Group should note that the stock has been performing robustly, with a significant 68.55% price total return over the last six months and a remarkable 95.21% year-to-date price total return. The company's stock is currently trading near its 52-week high, at 99.15% of the peak price, which aligns with an InvestingPro Tip highlighting the stock's volatility and recent large price uptick.
It's also worth noting that the company does not pay a dividend, which might be a consideration for income-focused investors. For those interested in a deeper analysis, there are 11 additional InvestingPro Tips available, which could provide further insights into Baldwin Insurance Group's financial health and stock performance.
For a comprehensive understanding of Baldwin Insurance Group's stock and to access these additional InvestingPro Tips, investors can visit https://www.investing.com/pro/BWIN.
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