Tampa, FL - Baldwin Insurance Group, Inc. (NASDAQ:BWIN), a $5.05 billion market cap insurance company, recently reported significant stock transactions by Elizabeth Krystyn, a member of the company's 10% owner group. According to a recent SEC filing, Krystyn sold shares of Class A common stock over several days in December, totaling approximately $18.76 million.
The transactions occurred on December 9, 10, and 11, with share prices ranging from $43.05 to $46.75. The stock, which has delivered an impressive 121.3% return over the past year according to InvestingPro, recently experienced a 12.7% decline in the past week. Following these sales, Krystyn holds no remaining Class A shares, with her holdings now consisting of Class B common stock and LLC units in The Baldwin Insurance Group Holdings, LLC.
These transactions were executed by the Elizabeth H. Krystyn 2017 Revocable Trust, where Krystyn serves as the sole trustee and beneficiary. The sales highlight ongoing portfolio adjustments by insiders at Baldwin Insurance Group. InvestingPro subscribers can access 8 additional key insights about BWIN's financial health and market position, along with real-time insider transaction analysis.
In other recent news, Baldwin Insurance has seen significant developments. Wells Fargo (NYSE:WFC) has downgraded the insurance firm to Underweight due to anticipated EBITDA pressures in 2025, a slowdown in organic growth, and comparatively lower margin expansion. Analysts predict a $10-15 million EBITDA headwind as Baldwin arranges reinsurance cover for QBE, a significant part of its business.
At the same time, the company has decided against any mergers and acquisitions for the year, focusing instead on managing its current leverage of 4.2 times EBITDA with a goal to reduce it closer to 3 times EBITDA. Baldwin Insurance has also adopted a new stockholder agreement following a court decision, granting holders similar rights to the previous agreement, including approval over major company decisions and the authority to nominate a majority of the board of directors.
In contrast to Wells Fargo's downgrade, William Blair has upgraded Baldwin Insurance to Outperform, citing potential for double-digit organic growth due to Baldwin's unique approach in personal lines business. They project that Baldwin could increase its EPS by 20% to 30% over the medium to long term. These recent developments reflect the evolving landscape for Baldwin Insurance.
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