Baldwin & Lyons (BWINB) Downgraded to Sell at BidaskClub

Baldwin & Lyons (NASDAQ:BWINB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday, March 15th.

Separately, TheStreet raised Baldwin & Lyons from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th.

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Shares of BWINB stock remained flat at $$23.55 during mid-day trading on Thursday. The stock had a trading volume of 26,645 shares, compared to its average volume of 38,441. Baldwin & Lyons has a 1-year low of $21.20 and a 1-year high of $25.40.

Baldwin & Lyons (NASDAQ:BWINB) last issued its earnings results on Thursday, February 15th. The insurance provider reported $0.28 earnings per share for the quarter. The business had revenue of $108.41 million for the quarter. Baldwin & Lyons had a negative return on equity of 0.99% and a net margin of 5.02%.

In related news, Director Steven J. Bensinger bought 6,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $22.92 per share, for a total transaction of $148,980.00. Following the completion of the purchase, the director now directly owns 6,908 shares in the company, valued at approximately $158,331.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.09% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWINB. The Manufacturers Life Insurance Company increased its holdings in shares of Baldwin & Lyons by 21.4% in the second quarter. The Manufacturers Life Insurance Company now owns 10,215 shares of the insurance provider’s stock valued at $251,000 after buying an additional 1,799 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Baldwin & Lyons by 13.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,483 shares of the insurance provider’s stock valued at $491,000 after buying an additional 2,410 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Baldwin & Lyons by 18.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 17,687 shares of the insurance provider’s stock valued at $424,000 after buying an additional 2,737 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of Baldwin & Lyons by 10.1% in the fourth quarter. Wedbush Securities Inc. now owns 30,958 shares of the insurance provider’s stock valued at $741,000 after buying an additional 2,850 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Baldwin & Lyons by 12.0% in the second quarter. Parametric Portfolio Associates LLC now owns 27,020 shares of the insurance provider’s stock valued at $662,000 after buying an additional 2,900 shares in the last quarter. 47.91% of the stock is currently owned by institutional investors.

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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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