BidaskClub upgraded shares of Baldwin & Lyons, Inc. (NASDAQ:BWINB) from a strong sell rating to a sell rating in a research note released on Tuesday.
Separately, TheStreet cut shares of Baldwin & Lyons from a b- rating to a c+ rating in a research report on Thursday, August 10th.
Shares of Baldwin & Lyons (BWINB) opened at 22.10 on Tuesday. The firm’s 50-day moving average price is $23.37 and its 200-day moving average price is $23.98. The firm has a market cap of $334.17 million, a PE ratio of 101.84 and a beta of 0.84. Baldwin & Lyons has a 12 month low of $21.40 and a 12 month high of $27.70.
Baldwin & Lyons (NASDAQ:BWINB) last announced its quarterly earnings data on Wednesday, August 9th. The insurance provider reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $1.31. Baldwin & Lyons had a net margin of 1.00% and a negative return on equity of 2.96%. The business had revenue of $77.41 million for the quarter. Analysts expect that Baldwin & Lyons will post $1.40 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, August 18th. Baldwin & Lyons’s dividend payout ratio (DPR) is 490.93%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Deprince Race & Zollo Inc. boosted its position in Baldwin & Lyons by 8.8% in the second quarter. Deprince Race & Zollo Inc. now owns 269,498 shares of the insurance provider’s stock valued at $6,603,000 after buying an additional 21,759 shares during the period. Wedbush Securities Inc. purchased a new position in Baldwin & Lyons during the second quarter valued at approximately $632,000. Russell Investments Group Ltd. boosted its position in Baldwin & Lyons by 9.3% in the second quarter. Russell Investments Group Ltd. now owns 11,050 shares of the insurance provider’s stock valued at $271,000 after buying an additional 943 shares during the period. Vanguard Group Inc. boosted its position in Baldwin & Lyons by 2.2% in the second quarter. Vanguard Group Inc. now owns 443,200 shares of the insurance provider’s stock valued at $10,858,000 after buying an additional 9,636 shares during the period. Finally, Northern Trust Corp boosted its position in Baldwin & Lyons by 13.4% in the second quarter. Northern Trust Corp now owns 131,090 shares of the insurance provider’s stock valued at $3,212,000 after buying an additional 15,538 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.
About Baldwin & Lyons
Baldwin & Lyons, Inc is a specialty property-casualty insurer providing liability coverage for large and medium-sized trucking and public transportation fleets, as well as coverage for trucking industry independent contractors. Through its divisions and subsidiaries, the Company engages in marketing and underwriting property and casualty insurance, including a limited assumption of risks as a reinsurer of other companies.
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