The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stake Increased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 89.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,778 shares of the company’s stock after buying an additional 46,171 shares during the period. Harbor Capital Advisors Inc.’s holdings in The Baldwin Insurance Group were worth $4,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth $36,000. Assetmark Inc. bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at $38,000. Premier Fund Managers Ltd bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at $44,000. First Horizon Advisors Inc. bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at $55,000. Finally, Parkside Financial Bank & Trust bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at $59,000. Institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BWIN. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Wells Fargo & Company boosted their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, April 10th. Wall Street Zen lowered shares of The Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Jefferies Financial Group boosted their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Finally, BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an “outperform” rating and a $53.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.33.

Insider Activity

In related news, insider James Morgan Roche sold 21,035 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $40.05, for a total value of $842,451.75. Following the completion of the sale, the insider now owns 117,962 shares of the company’s stock, valued at $4,724,378.10. This represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 directly owns 13,302 shares of the company’s stock, valued at $523,167.66. The trade was a 54.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,709 shares of company stock valued at $8,010,492. 18.51% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $38.44 on Wednesday. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The company has a market cap of $4.56 billion, a price-to-earnings ratio of -60.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65. 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 firm has a fifty day moving average of $40.37 and a 200-day moving average of $41.13.

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.