Wedbush Securities Inc. Buys Shares of 25,782 Baldwin & Lyons, Inc. (BWINB)
Wedbush Securities Inc. acquired a new stake in Baldwin & Lyons, Inc. (NASDAQ:BWINB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,782 shares of the insurance provider’s stock, valued at approximately $632,000.
Separately, Russell Investments Group Ltd. boosted its stake 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 last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.
Baldwin & Lyons, Inc. (NASDAQ BWINB) opened at 22.15 on Tuesday. The firm has a 50-day moving average of $23.89 and a 200-day moving average of $24.09. Baldwin & Lyons, Inc. has a 1-year low of $21.50 and a 1-year high of $27.70. The stock has a market capitalization of $334.93 million, a price-to-earnings ratio of 102.07 and a beta of 0.84.
Baldwin & Lyons (NASDAQ:BWINB) last issued its earnings results on Wednesday, August 9th. The insurance provider reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.35 by $1.31. Baldwin & Lyons had a negative return on equity of 2.96% and a net margin of 1.00%. The company had revenue of $77.41 million for the quarter. Equities research analysts anticipate that Baldwin & Lyons, Inc. will post $1.40 EPS for the current year.
The business 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 dividend of $0.27 per share. The ex-dividend date is Friday, August 18th. This represents a $1.08 annualized dividend and a yield of 4.88%. Baldwin & Lyons’s payout ratio is currently 490.93%.
Several equities research analysts recently issued reports on BWINB shares. BidaskClub cut Baldwin & Lyons from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. TheStreet cut Baldwin & Lyons from a “b-” rating to a “c+” rating in a report on Thursday, August 10th.
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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