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 position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 557,877 shares of the company's stock, valued at approximately $21,623,000. Charles Schwab Investment Management Inc. owned 0.47% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BWIN. JPMorgan Chase & Co. increased its holdings in shares of The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after purchasing an additional 1,175,484 shares during the period. Bank of New York Mellon Corp bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $37,091,000. Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group in the third quarter worth $29,447,000. Tributary Capital Management LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $18,287,000. Finally, Confluence Investment Management LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $16,747,000. Institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Trading Up 1.8 %

NASDAQ BWIN traded up $0.77 during trading on Friday, hitting $43.89. 1,595,357 shares of the company's stock traded hands, compared to its average volume of 537,569. The stock has a fifty day moving average of $40.65 and a two-hundred day moving average of $44.19. 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 Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. The firm has a market cap of $5.16 billion, a P/E ratio of -68.58, a PEG ratio of 1.17 and a beta of 1.72.

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Wall Street Analysts Forecast Growth

BWIN has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Keefe, Bruyette & Woods cut their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Finally, Wells Fargo & Company cut their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock worth $5,330,639 over the last three months. Company insiders own 20.14% of the company's stock.

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.