Dimensional Fund Advisors LP Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Dimensional Fund Advisors LP bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,127,200 shares of the company's stock, valued at approximately $43,689,000. Dimensional Fund Advisors LP owned approximately 0.96% of The Baldwin Insurance Group as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $32,000. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth about $33,000. Assetmark Inc. purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $38,000. Premier Fund Managers Ltd acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $44,000. Finally, First Horizon Advisors Inc. acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $55,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BWIN shares. Wells Fargo & Company raised their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. Jefferies Financial Group lifted their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, BMO Capital Markets began coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.29.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN traded down $0.45 during mid-day trading on Friday, hitting $38.94. The stock had a trading volume of 81,324 shares, compared to its average volume of 558,614. The company's 50 day simple moving average is $41.98 and its 200 day simple moving average is $42.45. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of -60.84, a PEG ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82.

Insider Activity

In other news, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction dated Wednesday, March 12th. The shares were 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 approximately $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. This trade represents a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,836 shares of company stock worth $5,330,639. Corporate insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Company 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.