Insider Selling: John D. Weil Sells 7,300 Shares of Baldwin & Lyons Stock (BWINB)
Baldwin & Lyons (NASDAQ:BWINB) Director John D. Weil sold 7,300 shares of the company’s stock on the open market in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $26.43, for a total value of $192,939.00. Following the sale, the director now directly owns 3,213 shares of the company’s stock, valued at approximately $84,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Baldwin & Lyons (NASDAQ:BWINB) traded down 2.65% on Wednesday, hitting $26.10. The stock had a trading volume of 6,937 shares. Baldwin & Lyons has a one year low of $23.23 and a one year high of $28.38. The stock has a 50-day moving average of $26.06 and a 200-day moving average of $25.99. The company has a market cap of $390.9 million and a P/E ratio of 14.34.
Baldwin & Lyons (NASDAQ:BWINB) last announced its earnings results on Thursday, May 1st. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.10. Analysts expect that Baldwin & Lyons will post $1.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Tuesday, May 20th.
Baldwin & Lyons, Inc, through its divisions and subsidiaries, is engaged in marketing and underwriting property and casualty insurance and the assumption of property and casualty reinsurance.
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