Baldwin & Lyons, Inc. (NASDAQ:BWINA) Posts Quarterly Earnings Results, Misses Expectations By $1.31 EPS
Baldwin & Lyons, Inc. (NASDAQ:BWINA) issued its earnings results on Wednesday. The financial services provider reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.35 by $1.31, MarketWatch Earnings reports. Baldwin & Lyons had a return on equity of 2.03% and a net margin of 6.68%. The business had revenue of $77.41 million for the quarter.
Shares of Baldwin & Lyons (BWINA) traded up 0.73% during midday trading on Thursday, hitting $22.68. The stock had a trading volume of 402 shares. The stock has a 50 day moving average of $23.29 and a 200-day moving average of $23.62. The company has a market cap of $342.56 million, a P/E ratio of 15.86 and a beta of 0.58. Baldwin & Lyons has a one year low of $22.50 and a one year high of $26.95.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, August 18th. Baldwin & Lyons’s dividend payout ratio (DPR) is presently 75.00%.
Baldwin & Lyons Company Profile
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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