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No insider purchase over the last 90 days. The latest was filed 07 Aug 2025.
Baldwin Insurance Group, Inc.: what insiders have been doing
Baldwin Insurance Group, Inc. belongs to the Banks sector. Filings by its managers are published through SEC (Form 4). Over the twelve months to 18 October 2026, 70 filings were filed, from 18 insiders.
Only sales appear on the open market, 2 sales in all totalling €580k, filed by 2 insiders. One trade stands out by size: a sale of €323k from Roche James Morgan, disclosed on 9 December 2025.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. US insiders must file a Form 4 within two business days of a trade. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Across the 5,458 companies tracked on its exchange, the median is 22 filings; at 70 filings, this issuer sits above that mark. The full history, which starts in 2021, counts 13 purchases against 34 sales. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 1.50 bn USD and net income at -33.8 m USD.
In the same sector, recent insider purchases at First Guaranty Bancshares, Inc. and BCB Bancorp Inc also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
376
Thresholds
n/a
Buy Volume
€1M
13 ops. · all time
Sell Volume
€32M
34 ops. · all time
Who traded when
BuySaleJames Morgan Roche5 sales
Seth Bala Cohen4 sales
Bradford Hale1 buy
Daniel Galbraith1 sale
Lowry Baldwin1 sale
Trevor Baldwin1 sale
Since the insiders bought
- -10.6%Entry US$32.27 · Close at T+365 US$28.85
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Baldwin Insurance Group, Inc. Hold (neutral), based on 6 analysts. Average price target: US$32.42.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 21,600 of 24,148 companies
22.8
score / 100
Value24
Quality22
FCF yld-1.5%
Earn yld-0.8%
EV/EBITDA30.2x
ROE-11%
Gross mgn29%
Net mgn-2.3%
Debt/EBITDA8.5x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$31.91
Analyst consensus
6 analystsHold
US$32.00Target US$32.42(+2%)US$32.50
Income statement
RevenueUS$1.5B
Gross profitUS$431.1M29% margin
EBITDAUS$207.4M14% margin
Net income-US$33.8M-4.7% margin
Valuation
PER (forward)12.9x
P/Book3.5x
Beta1.00
Balance sheet & cash
Market capUS$4.5B
Total debtUS$1.8B
Free Cash Flow-US$68.9M
Debt / Equity180%
Profitability & ownership
ROE-10.7%
ROA-0.9%
% insiders2.6%
% institutions102.8%
Last declaration on 16 October 2026
Declarations376 total
8,350 shares0Class A Common StockSEC:0001787626-26-000004:0
824 shares0Class A Common StockSEC:0001901459-26-000005:0
824 shares0Class A Common StockSEC:0001019438-26-000005:0
824 shares0Class A Common StockSEC:0001901482-26-000009:0
824 shares0Class A Common StockSEC:0001974546-26-000005:0
824 shares0Class A Common StockSEC:0002103719-26-000008:0
244 shares@ US$31.770.0002% mcap100.0% of flowClass A Common StockSEC:0002103719-26-000008:1
824 shares0Class A Common StockSEC:0001866862-26-000005:0
824 shares0Class A Common StockSEC:0001600370-26-000005:0
824 shares0Class A Common StockSEC:0000901870-26-000005:0
824 shares0Class A Common StockSEC:0001671249-26-000005:0
1,207 sharesClass A Common StockSEC:0000901870-26-000004:0
1,207 sharesClass A Common StockSEC:0001019438-26-000004:0
1,207 sharesClass A Common StockSEC:0001600370-26-000004:0
1,207 sharesClass A Common StockSEC:0001671249-26-000004:0
1,207 sharesClass A Common StockSEC:0001866862-26-000004:0
1,207 sharesClass A Common StockSEC:0001901459-26-000004:0
1,207 sharesClass A Common StockSEC:0001901482-26-000008:0
1,207 sharesClass A Common StockSEC:0001974546-26-000004:0
1,207 sharesClass A Common StockSEC:0002103719-26-000007:0
416 sharesClass A Common StockSEC:0002103719-26-000007:1
15,000 shares@ US$20.010.010% mcap17.2% of flowClass A Common StockSEC:0001908559-26-000006:0
2,275 shares0Class A Common StockSEC:0002103719-26-000006:0
9,837 shares@ US$21.530.0073% mcap21.8% of flowClass A Common StockSEC:0001787574-26-000004:0
1,221 shares0Class A Common StockSEC:0000901870-26-000003:0
25 of 376 declarations
About Baldwin Insurance Group, Inc.
Baldwin Insurance Group, Inc. (ticker: BWIN) is a U.S.-listed insurance distribution and advisory company traded on NASDAQ in the United States. The business operates under The Baldwin Group brand and positions itself as an independent insurance broker and advisory platform focused on risk management, employee benefits, and related wealth-oriented solutions. For European investors, the investment case is best understood as a scaled, entrepreneurial brokerage platform that combines traditional commission-based insurance distribution with specialty programs and technology-enabled embedded distribution.
The company’s roots go back to 2011, when Lowry Baldwin and Trevor Baldwin co-founded the platform with the ambition of building a premier insurance advisory firm. Over time, Baldwin combined organic growth with a series of partnerships and acquisitions to broaden its capabilities and geographic reach. The company began trading publicly in October 2019 under the name BRP Group and later transitioned to the Baldwin Group identity. Its headquarters is in Tampa, Florida, which places the firm in the southeastern United States while supporting a nationwide operating footprint.
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Operationally, Baldwin is organized around several complementary business lines. Its core franchise remains retail property-and-casualty brokerage and employee benefits advisory services for both commercial and personal clients. The company has also expanded into specialty and program business through MGA-like capabilities, plus embedded insurance distribution tied to channels such as homebuilders, mortgage originators, and real estate partners. This broader mix gives Baldwin multiple sources of commission and fee revenue and helps diversify the business away from any single product line.
From a competitive standpoint, Baldwin operates in a fragmented U.S. insurance brokerage market, where scale, specialization, client relationships, and carrier access matter. Management has emphasized a differentiated model built on niche expertise, sector-focused teams, and a partnership-oriented acquisition strategy. The company states that it serves clients across all 50 U.S. states, with strength in middle-market commercial risks, personal lines, employee benefits, specialty programs, and distribution partnerships.
Recent developments have been important. In February 2026, Baldwin reported full-year 2025 revenue growth of 8% to $1.5 billion and organic revenue growth of 7%, while also authorizing a $250 million share repurchase program. In December 2025, the company announced a definitive agreement to merge with CAC Group, a nationally recognized specialty and middle-market broker, further strengthening its platform. In January 2026, Baldwin completed the acquisition of Capstone Group, and it also continued to build specialty capabilities, including the launch of Azimuth Re for construction clients. Taken together, these moves reinforce Baldwin’s strategy of combining acquisition-led expansion, operating leverage, and product innovation to build a broader national insurance platform.
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