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

Harbor Capital Advisors Inc. grew its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 89.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,778 shares of the company's stock after buying an additional 46,171 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.08% of The Baldwin Insurance Group worth $4,370,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BWIN. TD Waterhouse Canada Inc. purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at about $36,000. Assetmark Inc. purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at $38,000. Premier Fund Managers Ltd acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $44,000. First Horizon Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $55,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $59,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BWIN has been the subject of a number of research reports. Jefferies Financial Group lifted their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company lifted their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. 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 report on Tuesday, April 8th. Wall Street Zen cut The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, BMO Capital Markets decreased their price objective on The Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, The Baldwin Insurance Group currently has an average rating of "Hold" and an average price target of $44.83.

The Baldwin Insurance Group Trading Down 0.6%

Shares of NASDAQ:BWIN traded down $0.25 during midday trading on Friday, reaching $39.12. The company's stock had a trading volume of 675,686 shares, compared to its average volume of 573,911. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of -61.13, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65. The business has a 50 day moving average price of $40.14 and a 200 day moving average price of $40.97. The Baldwin Insurance Group, Inc. has a 1 year low of $32.46 and a 1 year high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 58,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $38.48, for a total value of $2,231,840.00. Following the completion of the sale, the chief executive officer now directly owns 144,676 shares in the company, valued at approximately $5,567,132.48. The trade was a 28.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 62,500 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $38.32, for a total transaction of $2,395,000.00. The disclosure for this sale can be found here. Insiders sold 451,380 shares of company stock worth $17,731,131 in the last 90 days. 18.51% of the stock is owned by company insiders.

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.