Baldwin & Lyons (BWINA) Lifted to “B” at TheStreet
Baldwin & Lyons (BWINA) traded up $0.95 during trading hours on Friday, hitting $24.20. The company had a trading volume of 200 shares, compared to its average volume of 1,696. Baldwin & Lyons has a fifty-two week low of $21.41 and a fifty-two week high of $26.95.
Baldwin & Lyons declared that its board has authorized a share buyback plan on Tuesday, September 5th that authorizes the company to repurchase 2,460,000 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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