Harbor Capital Advisors Inc. Trims Stake in Baldwin Insurance Group, Inc. $BWIN

Harbor Capital Advisors Inc. lessened its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 53.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,568 shares of the company’s stock after selling 26,828 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Baldwin Insurance Group were worth $566,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Dorato Capital Management bought a new position in Baldwin Insurance Group during the 4th quarter valued at about $35,000. SG Americas Securities LLC bought a new stake in Baldwin Insurance Group in the fourth quarter worth about $6,723,000. Diversified Trust Co. lifted its stake in Baldwin Insurance Group by 40.2% in the fourth quarter. Diversified Trust Co. now owns 59,802 shares of the company’s stock worth $1,437,000 after purchasing an additional 17,162 shares during the last quarter. Confluence Investment Management LLC boosted its position in shares of Baldwin Insurance Group by 42.7% during the fourth quarter. Confluence Investment Management LLC now owns 579,503 shares of the company’s stock valued at $13,925,000 after buying an additional 173,390 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Baldwin Insurance Group by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company’s stock valued at $42,713,000 after buying an additional 158,199 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Down 1.0%

Shares of NASDAQ:BWIN opened at $22.13 on Tuesday. The business’s 50 day moving average is $20.26 and its 200 day moving average is $23.88. The stock has a market cap of $3.16 billion, a P/E ratio of -45.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.30. Baldwin Insurance Group, Inc. has a 52-week low of $15.88 and a 52-week high of $45.16. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The business had revenue of $347.28 million during the quarter, compared to analyst estimates of $351.75 million. During the same period in the previous year, the company posted $0.27 EPS. Baldwin Insurance Group’s revenue was up 5.3% on a year-over-year basis. Sell-side analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at Baldwin Insurance Group

In other news, Director Paul Eugene Sparks acquired 29,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average cost of $22.96 per share, for a total transaction of $665,840.00. Following the completion of the acquisition, the director directly owned 981,506 shares of the company’s stock, valued at $22,535,377.76. The trade was a 3.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75. The disclosure for this sale is available in the SEC filing. Company insiders own 18.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BWIN shares. Zacks Research downgraded Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $20.00 to $30.00 in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Friday, March 27th. JPMorgan Chase & Co. cut their price target on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

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.