Pictet Asset Management Holding SA Buys Shares of 8,576 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Pictet Asset Management Holding SA bought a new position in 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 8,576 shares of the company's stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $5,115,000. JPMorgan Chase & Co. raised its stake in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $61,546,000 after buying an additional 1,175,484 shares during the last quarter. Diversified Trust Co bought a new position in The Baldwin Insurance Group in the 4th quarter worth about $788,000. Emerald Advisers LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth approximately $33,608,000. Finally, Principal Financial Group Inc. bought a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $2,320,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at $523,167.66. This trade represents a 54.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares in the company, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

The Baldwin Insurance Group Trading Up 0.1 %

BWIN traded up $0.03 during trading on Wednesday, reaching $43.08. The company had a trading volume of 20,066 shares, compared to its average volume of 560,677. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The business has a 50 day simple moving average of $41.68 and a 200-day simple moving average of $43.59. The stock has a market cap of $5.07 billion, a P/E ratio of -67.31, a PEG ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82.

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.