Baldwin & Lyons (BWINA) Rating Increased to B at TheStreet

Baldwin & Lyons (NASDAQ:BWINA) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Friday.

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.

An institutional investor recently raised its position in Baldwin & Lyons stock. Dimensional Fund Advisors LP lifted its holdings in Baldwin & Lyons, Inc. (NASDAQ:BWINA) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 about 0.15% of Baldwin & Lyons worth $529,000 at the end of the most recent reporting period. Institutional investors own 1.57% of the company’s stock.

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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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