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 company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $26.30, for a total transaction of $263,000.00. Following the completion of the sale, the chairman now directly owns 97,052 shares of the company’s stock, valued at approximately $2,552,468. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Baldwin & Lyons (NASDAQ:BWINB) remained flat at $26.57 during trading on Friday. 433 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 has a 50-day moving average of $25.32 and a 200-day moving average of $25.58. The company has a market cap of $397.8 million and a P/E ratio of 12.24.
Baldwin & Lyons (NASDAQ:BWINB) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.27 earnings per share for the quarter. On average, analysts predict that Baldwin & Lyons will post $1.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors 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 3.81%. 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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