Harbor Capital Advisors Inc. Raises Stock Holdings in Baldwin Insurance Group, Inc. $BWIN

Key Points

• Harbor Capital Advisors Inc. increased its stake in Baldwin Insurance Group by 14.3% during Q2, owning approximately 0.09% of the company valued at $4.79 million after purchasing additional shares.
• Baldwin Insurance Group's CFO, Bradford Hale, purchased 10,000 shares of the company's stock at an average cost of $28.72 per share, increasing his ownership by 7.43%.
• Equities research analysts project Baldwin Insurance Group will post 1.01 EPS for the current year, with an average target price of $43.67 after recent adjustments in ratings across multiple firms.

Harbor Capital Advisors Inc. increased its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 14.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,765 shares of the company's stock after purchasing an additional 13,987 shares during the period. Harbor Capital Advisors Inc. owned 0.09% of Baldwin Insurance Group worth $4,785,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BWIN. Ameriprise Financial Inc. purchased a new stake in Baldwin Insurance Group in the 4th quarter worth approximately $378,000. Captrust Financial Advisors bought a new position in Baldwin Insurance Group in the 4th quarter worth about $335,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $1,467,000. Millennium Management LLC acquired a new position in Baldwin Insurance Group in the 4th quarter worth approximately $2,092,000. Finally, Nuveen Asset Management LLC purchased a new stake in Baldwin Insurance Group in the 4th quarter worth approximately $10,381,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Down 2.8%

BWIN stock traded down $0.88 during trading hours on Friday, hitting $30.62. The company's stock had a trading volume of 1,032,342 shares, compared to its average volume of 747,484. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. Baldwin Insurance Group, Inc. has a 12 month low of $28.66 and a 12 month high of $55.82. The stock has a 50 day moving average price of $34.53 and a two-hundred day moving average price of $38.66. The company has a market capitalization of $3.63 billion, a PE ratio of -105.59, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The company had revenue of $378.81 million for the quarter, compared to analyst estimates of $375.38 million. During the same quarter last year, the firm earned $0.34 EPS. The company's revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

BWIN has been the topic of several recent research reports. BMO Capital Markets decreased their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Wall Street Zen upgraded shares of Baldwin Insurance Group from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Raymond James Financial reaffirmed an "outperform" rating and set a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Zacks Research raised shares of Baldwin Insurance Group to a "strong sell" rating in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company increased their price objective on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $43.67.

Insider Activity at Baldwin Insurance Group

In other news, CFO Bradford Hale acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $28.72 per share, with a total value of $287,200.00. Following the acquisition, the chief financial officer owned 144,659 shares in the company, valued at $4,154,606.48. The trade was a 7.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 18.51% of the stock is owned by insiders.

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.