Russell Investments Group Ltd. Boosts Stake in Baldwin & Lyons, Inc. (BWINB)
Russell Investments Group Ltd. lifted its position in Baldwin & Lyons, Inc. (NASDAQ:BWINB) by 9.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,050 shares of the insurance provider’s stock after buying an additional 943 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Baldwin & Lyons worth $271,000 at the end of the most recent reporting period.
Shares of Baldwin & Lyons, Inc. (NASDAQ:BWINB) traded up 0.69% during trading on Monday, hitting $21.75. The company had a trading volume of 71,350 shares. The stock has a market cap of $328.88 million, a PE ratio of 100.23 and a beta of 0.86. The firm has a 50 day moving average of $22.42 and a 200 day moving average of $23.78. Baldwin & Lyons, Inc. has a 12-month low of $21.20 and a 12-month high of $27.70.
Baldwin & Lyons (NASDAQ:BWINB) last posted its quarterly earnings data on Wednesday, August 9th. The insurance provider reported ($0.96) earnings per share (EPS) 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 firm had revenue of $77.41 million for the quarter. On average, analysts forecast that Baldwin & Lyons, Inc. will post ($0.60) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Friday, August 18th. Baldwin & Lyons’s dividend payout ratio is 490.93%.
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BWINB has been the topic of a number of research reports. BidaskClub raised Baldwin & Lyons from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. TheStreet downgraded Baldwin & Lyons from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th.
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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