Baldwin & Lyons, Inc. (NASDAQ:BWINB) Downgraded to “Strong Sell” at BidaskClub

BidaskClub cut shares of Baldwin & Lyons, Inc. (NASDAQ:BWINB) from a sell rating to a strong sell rating in a research report report published on Monday, July 24th.

Shares of Baldwin & Lyons (BWINB) opened at 22.00 on Monday. The stock has a market capitalization of $332.66 million, a PE ratio of 101.38 and a beta of 0.84. The firm has a 50-day moving average of $23.60 and a 200 day moving average of $24.03. Baldwin & Lyons has a 52-week low of $21.40 and a 52-week high of $27.70.

Baldwin & Lyons (NASDAQ:BWINB) last announced its quarterly earnings results on Wednesday, August 9th. The insurance provider reported ($0.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $1.31. The firm had revenue of $77.41 million for the quarter. Baldwin & Lyons had a net margin of 1.00% and a negative return on equity of 2.96%. Equities research analysts forecast that Baldwin & Lyons will post $1.40 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Friday, August 18th. Baldwin & Lyons’s payout ratio is 490.93%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management increased its position in shares of Baldwin & Lyons by 798.6% in the second quarter. LSV Asset Management now owns 66,500 shares of the insurance provider’s stock worth $1,629,000 after buying an additional 59,100 shares during the last quarter. Wedbush Securities Inc. acquired a new position in shares of Baldwin & Lyons during the second quarter valued at approximately $632,000. Royal Bank of Canada increased its position in shares of Baldwin & Lyons by 31.2% in the second quarter. Royal Bank of Canada now owns 100,099 shares of the insurance provider’s stock valued at $2,452,000 after buying an additional 23,828 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of 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 in the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in shares of Baldwin & Lyons during the second quarter valued at approximately $475,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

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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