Media stories about Baldwin & Lyons (NASDAQ:BWINA) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Baldwin & Lyons earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.1872320654418 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, TheStreet cut Baldwin & Lyons from a “b-” rating to a “c” rating in a report on Wednesday, August 9th.
Shares of Baldwin & Lyons (NASDAQ:BWINA) traded up 2.68% during midday trading on Tuesday, hitting $23.00. The stock had a trading volume of 3,281 shares. The stock’s 50-day moving average price is $22.41 and its 200 day moving average price is $23.32. The company has a market cap of $347.78 million, a price-to-earnings ratio of 105.99 and a beta of 0.60. Baldwin & Lyons has a 52 week low of $21.41 and a 52 week high of $26.95.
Baldwin & Lyons (NASDAQ:BWINA) last released its quarterly earnings data on Wednesday, August 9th. The financial services provider reported ($0.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($1.31). The business had revenue of $77.41 million during 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 has approved a stock buyback program on Tuesday, September 5th that allows the company to repurchase 2,460,000 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Friday, August 18th. Baldwin & Lyons’s dividend payout ratio (DPR) is presently 490.93%.
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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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