Baldwin Insurance Group General Counsel & Corporate Secretary Seth Cohen Sells 58% Of Holding

Some The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shareholders may be a little concerned to see that the General Counsel & Corporate Secretary, Seth Cohen, recently sold a substantial US$511k worth of stock at a price of US$41.54 per share. That diminished their holding by a very significant 58%, which arguably implies a strong desire to reallocate capital.

View our latest analysis for Baldwin Insurance Group

The Last 12 Months Of Insider Transactions At Baldwin Insurance Group

Over the last year, we can see that the biggest insider sale was by the insider, James Roche, for US$14m worth of shares, at about US$43.13 per share. That means that an insider was selling shares at around the current price of US$41.14. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Baldwin Insurance Group didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Does Baldwin Insurance Group Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Baldwin Insurance Group insiders own 0.7% of the company, worth about US$32m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Baldwin Insurance Group Tell Us?

An insider sold Baldwin Insurance Group shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for Baldwin Insurance Group that deserve your attention before buying any shares.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.