Harbor Capital Advisors Inc. Acquires Shares of 51,607 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Harbor Capital Advisors Inc. bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 51,607 shares of the company’s stock, valued at approximately $2,000,000.

Several other large investors have also made changes to their positions in the company. Peapack Gladstone Financial Corp acquired a new position in The Baldwin Insurance Group in the third quarter valued at about $263,000. Diversified Trust Co bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $788,000. Wealth Enhancement Advisory Services LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $5,115,000. Confluence Investment Management LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at $16,747,000. Finally, Lord Abbett & CO. LLC acquired a new position in The Baldwin Insurance Group in the third quarter worth $29,447,000. Institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Trading Down 2.0 %

Shares of NASDAQ BWIN opened at $35.72 on Friday. The company’s 50 day simple moving average is $42.95 and its 200 day simple moving average is $44.34. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $55.82. The firm has a market capitalization of $4.20 billion, a P/E ratio of -55.81, a P/E/G ratio of 1.27 and a beta of 1.64.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on BWIN shares. Keefe, Bruyette & Woods lowered 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 note on Friday. JPMorgan Chase & Co. dropped their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Jefferies Financial Group increased their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company restated an “underweight” rating and issued a $41.00 price objective (down previously from $43.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, December 11th. Finally, William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. One equities research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Insider Transactions at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the completion of the transaction, the insider now owns 232,570 shares of the company’s stock, valued at $10,507,512.60. The trade was a 45.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 20.14% of the company’s stock.

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.