Insider Selling: Baldwin & Lyons Chairman Unloads 10,000 Shares of Stock (BWINB)
Baldwin & Lyons (NASDAQ:BWINB) Chairman Gary W. Miller unloaded 10,000 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $26.30, for a total value of $263,000.00. Following the completion of the sale, the chairman now directly owns 97,052 shares in the company, valued at approximately $2,552,468. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Baldwin & Lyons (NASDAQ:BWINB) traded down 0.11% on Wednesday, hitting $26.27. The stock had a trading volume of 20,189 shares. Baldwin & Lyons has a one year low of $23.23 and a one year high of $28.38. The stock’s 50-day moving average is $25.30 and its 200-day moving average is $25.57. The company has a market cap of $393.3 million and a P/E ratio of 12.12.
Baldwin & Lyons (NASDAQ:BWINB) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share for the quarter. 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 Tuesday, September 9th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Friday, August 22nd.
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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