Harbor Capital Advisors Inc. purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 51,607 shares of the company's stock, valued at approximately $2,000,000.
Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group in the third quarter valued at approximately $29,447,000. Confluence Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth $16,747,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $5,115,000. Finally, Diversified Trust Co acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at $788,000. Institutional investors own 77.49% of the company's stock.
The Baldwin Insurance Group Price Performance
NASDAQ BWIN traded down $0.72 during trading on Friday, reaching $35.72. 688,043 shares of the company traded hands, compared to its average volume of 574,991. The Baldwin Insurance Group, Inc. has a 1-year low of $21.70 and a 1-year high of $55.82. The company has a market cap of $4.20 billion, a price-to-earnings ratio of -55.81, a P/E/G ratio of 1.27 and a beta of 1.64. The stock's 50 day moving average price is $42.95 and its two-hundred day moving average price is $44.40. 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 Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The company had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same period in the prior year, the firm earned $0.15 EPS. The Baldwin Insurance Group's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.
Insider Activity
In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $45.18, for a total value of $8,643,250.26. Following the transaction, the insider now owns 232,570 shares of the company's stock, valued at approximately $10,507,512.60. The trade was a 45.13 % 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 this hyperlink. 20.14% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BWIN. Wells Fargo & Company restated an "underweight" rating and set a $41.00 price target (down from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. Jefferies Financial Group increased their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. William Blair raised The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. reduced their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.
View Our Latest Stock Report on The Baldwin Insurance Group
The Baldwin Insurance Group Company Profile
(
Free Report)
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.
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