Charles Schwab Investment Management Inc. Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Charles Schwab Investment Management Inc. acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 557,877 shares of the company’s stock, valued at approximately $21,623,000.

Other large investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter worth about $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter worth about $33,000. First Horizon Advisors Inc. acquired a new position in The Baldwin Insurance Group in the 4th quarter worth about $55,000. Parkside Financial Bank & Trust acquired a new position in The Baldwin Insurance Group in the 4th quarter worth about $59,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

The Baldwin Insurance Group Price Performance

BWIN stock opened at $41.49 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $40.22 and a 200-day simple moving average of $44.23. The firm has a market capitalization of $4.88 billion, a PE ratio of -64.83, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82.

Insider Activity

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the transaction, the chief executive officer now owns 80,663 shares of the company’s stock, valued at $3,274,917.80. The trade was a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 over the last ninety days. Corporate insiders own 20.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BWIN. Keefe, Bruyette & Woods reduced their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company reduced their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their target price on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.50.

About The Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.