Swiss National Bank Takes $5.09 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Swiss National Bank acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 131,200 shares of the company's stock, valued at approximately $5,085,000. Swiss National Bank owned approximately 0.11% of The Baldwin Insurance Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth about $32,000. Nisa Investment Advisors LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at $33,000. Assetmark Inc. purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $38,000. First Horizon Advisors Inc. purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $55,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $59,000. Institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Price Performance

NASDAQ BWIN traded down $0.94 on Friday, reaching $45.11. 531,871 shares of the company's stock traded hands, compared to its average volume of 553,738. The stock has a market cap of $5.30 billion, a PE ratio of -70.48, a P/E/G ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The stock has a 50-day simple moving average of $41.22 and a 200 day simple moving average of $44.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

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Insider Activity at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the sale, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. This represents a 27.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. This trade represents a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,836 shares of company stock valued at $5,330,639. Insiders own 20.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price 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. JPMorgan Chase & Co. lowered their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a research report on Thursday. They set an "outperform" rating and a $53.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $44.86.

The 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.