131,200 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Swiss National Bank

Swiss National Bank acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 131,200 shares of the company’s stock, valued at approximately $5,085,000. Swiss National Bank owned 0.11% of The Baldwin Insurance Group at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $5,115,000. JPMorgan Chase & Co. raised its stake in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares during the period. Diversified Trust Co purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $788,000. Harbor Capital Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of The Baldwin Insurance Group during the third quarter valued at $263,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 15,902 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the completion of the sale, the chief executive officer now owns 13,302 shares in the company, valued at approximately $523,167.66. This represents a 54.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lowry Baldwin sold 34,901 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were 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 in the company, valued at $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 over the last ninety days. 20.14% of the stock is currently owned by insiders.

The Baldwin Insurance Group Trading Up 4.4 %

Shares of NASDAQ BWIN opened at $45.82 on Tuesday. The business has a 50 day simple moving average of $40.84 and a 200 day simple moving average of $44.16. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of -71.59, a PEG ratio of 1.17 and a beta of 1.72. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on 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 reduced their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

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.