Charles Schwab Investment Management Inc. Has $24.56 Million Holdings in Baldwin Insurance Group, Inc. $BWIN

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Baldwin Insurance Group by 1.5%, selling 8,409 shares and retaining a total of 549,468 shares valued at approximately $24.6 million.
• Insider trading activity includes significant sales, with CEO Trevor Baldwin selling 117,000 shares, marking an 80.87% reduction in his position.
• Brokerages have issued mixed opinions on Baldwin Insurance Group, with Raymond James lowering its price target from $48 to $40 but maintaining an "outperform" rating.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 549,468 shares of the company's stock after selling 8,409 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.47% of Baldwin Insurance Group worth $24,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new position in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. bought a new position in Baldwin Insurance Group during the fourth quarter worth $63,000. Continuum Advisory LLC acquired a new stake in Baldwin Insurance Group during the fourth quarter worth $75,000. State of Wyoming acquired a new stake in Baldwin Insurance Group during the fourth quarter worth $82,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Baldwin Insurance Group during the fourth quarter worth $85,000. Institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Stock Down 1.5%

Shares of NASDAQ BWIN traded down $0.51 during trading hours on Tuesday, hitting $32.82. The company had a trading volume of 684,679 shares, compared to its average volume of 1,109,838. Baldwin Insurance Group, Inc. has a 1-year low of $28.66 and a 1-year high of $55.82. The firm's 50 day moving average is $38.05 and its 200-day moving average is $39.82. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $3.89 billion, a P/E ratio of -113.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.66.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The business had revenue of $378.81 million for the quarter, compared to analysts' expectations of $375.38 million. During the same quarter in the prior year, the business earned $0.34 EPS. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 4,496 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $39.58, for a total transaction of $177,951.68. Following the transaction, the general counsel owned 13,240 shares in the company, valued at $524,039.20. This trade represents a 25.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $38.32, for a total value of $2,395,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 336,711 shares of company stock worth $13,205,267. Corporate insiders own 20.14% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BWIN shares. Wells Fargo & Company boosted their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research note on Thursday, July 10th. BMO Capital Markets cut their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, June 13th. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Zacks Research raised Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Baldwin Insurance Group has a consensus rating of "Hold" and an average target price of $43.67.

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.