Charles Schwab Investment Management Inc. Invests $21.62 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Charles Schwab Investment Management Inc. purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 557,877 shares of the company’s stock, valued at approximately $21,623,000. Charles Schwab Investment Management Inc. owned about 0.47% of The Baldwin Insurance Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC bought a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $33,000. First Horizon Advisors Inc. bought a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $55,000. Parkside Financial Bank & Trust purchased a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $59,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $66,000. 77.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on BWIN shares. JPMorgan Chase & Co. dropped 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. Wells Fargo & Company dropped 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, Keefe, Bruyette & Woods dropped 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

The Baldwin Insurance Group Trading Up 2.3 %

Shares of NASDAQ:BWIN opened at $41.49 on Wednesday. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. The business’s fifty day simple moving average is $40.22 and its 200-day simple moving average is $44.23. The company has a market capitalization of $4.88 billion, a PE ratio of -64.83, a P/E/G ratio of 1.17 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the sale, the chief executive officer now owns 13,302 shares in the company, valued at approximately $523,167.66. The trade was a 54.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $40.22, for a total value of $1,403,718.22. Following the sale, the director now owns 90,099 shares in the company, valued at approximately $3,623,781.78. The trade was a 27.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock worth $5,330,639 in the last ninety days. 20.14% of the stock is owned by insiders.

The Baldwin Insurance Group Profile

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.