1,127,200 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,127,200 shares of the company's stock, valued at approximately $43,689,000. Dimensional Fund Advisors LP owned 0.96% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BWIN. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $33,000. Assetmark Inc. acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $38,000. Premier Fund Managers Ltd bought a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $44,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $55,000. Institutional investors own 77.49% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction that occurred on 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 transaction, the general counsel now directly owns 8,813 shares of the company's stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 80,663 shares in the company, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

The Baldwin Insurance Group Price Performance

BWIN stock opened at $41.89 on Friday. The stock has a 50-day moving average price of $42.00 and a two-hundred day moving average price of $42.77. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The stock has a market cap of $4.93 billion, a PE ratio of -65.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

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.

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