Charles Schwab Investment Management Inc. Sells 8,409 Shares of 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. reduced its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing 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 about 0.47% of Baldwin Insurance Group worth $24,556,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BWIN. TD Waterhouse Canada Inc. bought a new stake in Baldwin Insurance Group in the fourth quarter worth approximately $36,000. Johnson Financial Group Inc. bought a new stake in Baldwin Insurance Group in the fourth quarter worth approximately $63,000. Continuum Advisory LLC bought a new stake in Baldwin Insurance Group in the fourth quarter worth approximately $75,000. State of Wyoming bought a new stake in Baldwin Insurance Group in the fourth quarter worth approximately $82,000. Finally, Tower Research Capital LLC TRC bought a new stake in Baldwin Insurance Group in the fourth quarter worth approximately $85,000. 77.49% of the stock is currently owned by institutional investors.

Insider Activity

In other Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of Baldwin Insurance Group stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the transaction, the insider owned 42,113 shares of the company's stock, valued at $1,687,467.91. This trade represents a 38.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Trevor Baldwin sold 117,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total value of $4,660,110.00. Following the completion of the transaction, the chief executive officer owned 27,676 shares in the company, valued at $1,102,335.08. The trade was a 80.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 336,711 shares of company stock worth $13,205,267. Company insiders own 18.51% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BWIN. Raymond James Financial reissued an "outperform" rating and issued a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. BMO Capital Markets cut their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock 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. Wells Fargo & Company increased their target price on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a report on Thursday, July 10th. Finally, Zacks Research upgraded Baldwin Insurance Group to a "strong sell" rating in a report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Baldwin Insurance Group currently has an average rating of "Hold" and a consensus price target of $43.67.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $33.61 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50 day moving average price of $38.48 and a two-hundred day moving average price of $40.05. The firm has a market capitalization of $3.99 billion, a P/E ratio of -115.90, a P/E/G ratio of 1.49 and a beta of 1.66. Baldwin Insurance Group, Inc. has a 52 week low of $28.66 and a 52 week high of $55.82.

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

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.

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