Pictet Asset Management Holding SA Makes New Investment in 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) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,576 shares of the company's stock, valued at approximately $332,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets began coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Wells Fargo & Company raised 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 research report on Thursday. Finally, Jefferies Financial Group upped 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 research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $45.29.

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Insider Buying and Selling at The Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the sale, the chief executive officer now directly owns 13,302 shares of the company's stock, valued at approximately $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares of the company's stock, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,836 shares of company stock valued at $5,330,639. Corporate insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Up 2.3 %

Shares of The Baldwin Insurance Group stock traded up $0.97 during trading on Monday, hitting $43.43. The company's stock had a trading volume of 425,935 shares, compared to its average volume of 563,370. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. The company has a market capitalization of $5.11 billion, a PE ratio of -67.86, a P/E/G ratio of 1.17 and a beta of 1.52. The company has a fifty day simple moving average of $41.61 and a two-hundred day simple moving average of $43.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

The 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.