Insider Selling: Baldwin & Lyons Director Sells 3,200 Shares of Stock (BWINB)
Baldwin & Lyons (NASDAQ:BWINB) Director John D. Weil unloaded 3,200 shares of the stock on the open market in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $26.29, for a total transaction of $84,128.00. Following the completion of the transaction, the director now directly owns 3,213 shares in the company, valued at approximately $84,470. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Baldwin & Lyons (NASDAQ:BWINB) traded down 1.90% during mid-day trading on Friday, hitting $25.33. 4,425 shares of the company’s stock traded hands. Baldwin & Lyons has a 52-week low of $23.23 and a 52-week high of $28.38. The stock’s 50-day moving average is $26.03 and its 200-day moving average is $25.99. The company has a market cap of $379.4 million and a P/E ratio of 13.81.
Baldwin & Lyons (NASDAQ:BWINB) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.10. On average, analysts predict that Baldwin & Lyons will post $1.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend 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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