Baldwin & Lyons (NASDAQ:BWINA) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Friday.

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.

An institutional investor recently raised its position in Baldwin & Lyons stock. Dimensional Fund Advisors LP lifted its holdings in shares of Baldwin & Lyons, Inc. (NASDAQ:BWINA) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,259 shares of the financial services provider’s stock after acquiring an additional 1,036 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.15% of Baldwin & Lyons worth $529,000 as of its most recent SEC filing. 1.57% of the stock is owned by hedge funds and other institutional investors.

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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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