Baldwin Insurance Group, Inc. $BWIN Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 54.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,396 shares of the company’s stock after selling 61,369 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Baldwin Insurance Group were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. First Horizon Advisors Inc. raised its holdings in Baldwin Insurance Group by 29.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after acquiring an additional 419 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Baldwin Insurance Group by 4.8% in the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock valued at $443,000 after buying an additional 470 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Baldwin Insurance Group by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after purchasing an additional 504 shares during the last quarter. Cetera Trust Company N.A lifted its position in Baldwin Insurance Group by 10.1% during the 2nd quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock valued at $258,000 after purchasing an additional 555 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Baldwin Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock worth $2,650,000 after purchasing an additional 555 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on BWIN. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. UBS Group cut their price objective on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company upgraded shares of Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price target on the stock in a research note on Friday, December 12th. BMO Capital Markets lowered their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Thursday, December 4th. Finally, JPMorgan Chase & Co. cut their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.57.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $25.60 on Friday. Baldwin Insurance Group, Inc. has a 1 year low of $21.26 and a 1 year high of $47.15. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -59.53, a PEG ratio of 1.18 and a beta of 1.35. The company has a fifty day moving average price of $25.06 and a 200-day moving average price of $31.31. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The firm had revenue of $365.39 million during the quarter, compared to the consensus estimate of $364.14 million. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 80,000 shares of Baldwin Insurance Group stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.03, for a total transaction of $1,922,400.00. Following the completion of the sale, the insider owned 42,113 shares of the company’s stock, valued at approximately $1,011,975.39. This trade represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 255,000 shares of company stock valued at $6,119,000. Corporate insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Company Profile

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.