Baldwin & Lyons, Inc. (NASDAQ:BWINA) Cut to “C” at TheStreet

TheStreet cut shares of Baldwin & Lyons, Inc. (NASDAQ:BWINA) from a b- rating to a c rating in a research note published on Wednesday.

Shares of Baldwin & Lyons (NASDAQ BWINA) opened at 22.28 on Wednesday. Baldwin & Lyons has a 52-week low of $22.10 and a 52-week high of $26.95. The stock has a market capitalization of $336.90 million, a PE ratio of 102.67 and a beta of 0.58. The firm has a 50-day moving average of $23.20 and a 200 day moving average of $23.59.

Baldwin & Lyons (NASDAQ:BWINA) last announced its earnings results on Wednesday, August 9th. The financial services provider reported ($0.96) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $1.31. The company had revenue of $77.41 million for the quarter. Baldwin & Lyons had a negative return on equity of 2.94% and a net margin of 1.00%.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Friday, August 18th. Baldwin & Lyons’s payout ratio is 490.93%.

An institutional investor recently raised its position in Baldwin & Lyons stock. Dimensional Fund Advisors LP boosted its stake in shares of Baldwin & Lyons, Inc. (NASDAQ:BWINA) by 4.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,259 shares of the financial services provider’s stock after buying an additional 1,036 shares during the period. Dimensional Fund Advisors LP owned 0.15% of Baldwin & Lyons worth $529,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.42% of the company’s stock.

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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