Martingale Asset Management L P lessened its holdings in Baldwin & Lyons Inc (NASDAQ:BWINB) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,604 shares of the insurance provider’s stock after selling 5,200 shares during the quarter. Martingale Asset Management L P owned approximately 0.30% of Baldwin & Lyons worth $1,069,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wedbush Securities Inc. raised its holdings in Baldwin & Lyons by 10.1% during the 4th quarter. Wedbush Securities Inc. now owns 30,958 shares of the insurance provider’s stock worth $741,000 after buying an additional 2,850 shares during the period. BlackRock Inc. raised its holdings in shares of Baldwin & Lyons by 1.4% in the fourth quarter. BlackRock Inc. now owns 922,614 shares of the insurance provider’s stock valued at $22,096,000 after purchasing an additional 13,099 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Baldwin & Lyons in the fourth quarter valued at approximately $202,000. Deprince Race & Zollo Inc. raised its holdings in shares of Baldwin & Lyons by 5.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 369,109 shares of the insurance provider’s stock valued at $8,840,000 after purchasing an additional 18,678 shares during the last quarter. Finally, First Manhattan Co. grew its stake in shares of Baldwin & Lyons by 9.2% in the fourth quarter. First Manhattan Co. now owns 362,166 shares of the insurance provider’s stock valued at $8,673,000 after buying an additional 30,445 shares in the last quarter. 48.01% of the stock is currently owned by institutional investors.
In other news, Director Steven J. Bensinger purchased 6,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $22.92 per share, for a total transaction of $148,980.00. Following the purchase, the director now owns 6,908 shares of the company’s stock, valued at $158,331.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.09% of the stock is owned by corporate insiders.
Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Baldwin & Lyons from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. TheStreet raised shares of Baldwin & Lyons from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th.
Baldwin & Lyons Inc (BWINB) traded down $0.30 during trading hours on Wednesday, hitting $23.35. The stock had a trading volume of 14,747 shares, compared to its average volume of 17,503. Baldwin & Lyons Inc has a 52 week low of $21.20 and a 52 week high of $25.40. The company has a market capitalization of $358.61, a PE ratio of 19.39 and a beta of 0.78.
Baldwin & Lyons (NASDAQ:BWINB) last announced its earnings results on Thursday, February 15th. The insurance provider reported $0.28 EPS for the quarter. The business had revenue of $108.41 million for the quarter. Baldwin & Lyons had a negative return on equity of 1.00% and a net margin of 5.02%.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Thursday, February 22nd. This is an increase from Baldwin & Lyons’s previous quarterly dividend of $0.27. Baldwin & Lyons’s dividend payout ratio is 91.80%.
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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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