Media stories about Baldwin & Lyons (NASDAQ:BWINA) have trended somewhat negative on Tuesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Baldwin & Lyons earned a coverage optimism score of 0.00 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.9849344442145 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, TheStreet downgraded Baldwin & Lyons from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th.
Shares of Baldwin & Lyons (NASDAQ:BWINA) opened at 22.92 on Tuesday. The stock’s 50 day moving average price is $22.71 and its 200-day moving average price is $23.10. The stock has a market capitalization of $346.57 million, a P/E ratio of 105.62 and a beta of 0.60. Baldwin & Lyons has a 1-year low of $21.41 and a 1-year high of $26.95.
Baldwin & Lyons (NASDAQ:BWINA) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.35 by ($1.31). The firm had revenue of $77.41 million for the quarter. Baldwin & Lyons had a negative return on equity of 2.96% and a net margin of 1.00%.
Baldwin & Lyons declared that its Board of Directors has approved a stock repurchase plan on Tuesday, September 5th that authorizes the company to buyback 2,460,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.
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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