Somewhat Positive Press Coverage Somewhat Unlikely to Impact Baldwin & Lyons (BWINA) Share Price
Media stories about Baldwin & Lyons (NASDAQ:BWINA) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Baldwin & Lyons earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.4935339404791 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, TheStreet lowered Baldwin & Lyons from a “b-” rating to a “c” rating in a report on Wednesday, August 9th.
Shares of Baldwin & Lyons (NASDAQ BWINA) traded down 2.4653% during mid-day trading on Friday, hitting $21.9453. The stock had a trading volume of 241 shares. The firm’s 50 day moving average price is $22.41 and its 200 day moving average price is $23.18. Baldwin & Lyons has a 1-year low of $21.41 and a 1-year high of $26.95. The company has a market cap of $331.83 million, a P/E ratio of 101.1304 and a beta of 0.60.
Baldwin & Lyons (NASDAQ:BWINA) last announced its quarterly earnings results on Wednesday, August 9th. The financial services provider reported ($0.96) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($1.31). Baldwin & Lyons had a net margin of 1.00% and a negative return on equity of 2.96%. The business had revenue of $77.41 million during the quarter.
Baldwin & Lyons declared that its board has approved a stock buyback program on Tuesday, September 5th that permits the company to buyback 2,460,000 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
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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