Baldwin & Lyons (BWINA) traded up $0.95 on Friday, hitting $24.20. 200 shares of the company were exchanged, compared to its average volume of 1,696. Baldwin & Lyons has a 52 week low of $21.41 and a 52 week high of $26.95.
Baldwin & Lyons announced that its board has authorized a share repurchase program on Tuesday, September 5th that allows the company to repurchase 2,460,000 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
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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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