Stock of The Day: What’s in Baldwin & Lyons Inc After Achieving 52-Week High?

Stock of The Day: What's in Baldwin & Lyons Inc After Achieving 52 Week High?

The stock of Baldwin & Lyons Inc (NASDAQ:BWINB) hit a new 52-week high and has $29.27 target or 8.00% above today’s $27.10 share price. The 9 months bullish chart indicates low risk for the $413.55 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $29.27 price target is reached, the company will be worth $33.08 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 13,400 shares traded hands. Baldwin & Lyons Inc (NASDAQ:BWINB) has risen 11.93% since April 26, 2016 and is uptrending. It has outperformed by 6.67% the S&P500.

Analysts await Baldwin & Lyons Inc (NASDAQ:BWINB) to report earnings on January, 26.

According to Zacks Investment Research, “Baldwin & Lyons markets casualty insurance for the trucking industry. Its principal subsidiary, Protective Insurance Co., provides coverage for large trucking fleets that retain substantial amounts of self-insurance. Medium-sized trucking companies and individual owner-operators are served by another subsidiary, Sagamore Insurance Co. The company markets its policies directly to trucking clients nationwide. It also provides claims handling, loss control, and other insurance-related services to the trucking industry.”

Insitutional Activity: The institutional sentiment increased to 3.2 in Q2 2016. Its up 2.06, from 1.14 in 2016Q1. The ratio improved, as 8 funds sold all Baldwin & Lyons Inc shares owned while 20 reduced positions. 6 funds bought stakes while 26 increased positions. They now own 5.83 million shares or 14.47% less from 6.82 million shares in 2016Q1.
Alliancebernstein L P, a New York-based fund reported 10,350 shares. Moreover, Morgan Stanley has 0% invested in Baldwin & Lyons Inc (NASDAQ:BWINB) for 44,932 shares. American Group Inc holds 0% of its portfolio in Baldwin & Lyons Inc (NASDAQ:BWINB) for 5,186 shares. Blackrock Institutional Com Na has invested 0% of its portfolio in Baldwin & Lyons Inc (NASDAQ:BWINB). Nationwide Fund Advsr last reported 12,633 shares in the company. Savings Bank Of America De has invested 0% of its portfolio in Baldwin & Lyons Inc (NASDAQ:BWINB). Envestnet Asset Mngmt Inc holds 0% or 5,244 shares in its portfolio. Old Republic Intl Corp has 0.29% invested in the company for 266,000 shares. Moreover, Parametric Port Associate Limited Liability has 0% invested in Baldwin & Lyons Inc (NASDAQ:BWINB) for 26,342 shares. Thompson Siegel & Walmsley Ltd Liability Corporation, a Virginia-based fund reported 300 shares. Moreover, California Employees Retirement Systems has 0% invested in Baldwin & Lyons Inc (NASDAQ:BWINB) for 22,200 shares. Rhumbline Advisers holds 0% of its portfolio in Baldwin & Lyons Inc (NASDAQ:BWINB) for 12,021 shares. The New York-based Teachers Advsr has invested 0% in Baldwin & Lyons Inc (NASDAQ:BWINB). Jpmorgan Chase & owns 2,903 shares or 0% of their US portfolio. Credit Suisse Ag accumulated 0% or 15,735 shares.

More news for Baldwin & Lyons Inc (NASDAQ:BWINB) were recently published by: Nasdaq.com, which released: “Baldwin & Lyons, Inc. (BWINB) Ex-Dividend Date Scheduled for November 18, 2016” on November 17, 2016. Insurancejournal.com‘s article titled: “3 Baldwin & Lyons Senior Execs Resign; CEO Cites Differences with Chairman …” and published on May 24, 2016 is yet another important article.

BWINB Company Profile

Baldwin & Lyons, Inc. (B&L), incorporated on August 7, 1930, through its divisions and subsidiaries, is engaged in marketing and underwriting property and casualty insurance, including limited assumption of risks as a reinsurer of other companies. The Firm operates in two divisions: property and casualty insurance, and reinsurance. The property and casualty insurance segment provides multiple line insurance coverage primarily to fleet transportation companies, as well as to independent contractors contracting with fleet transportation companies. In addition, the Company provides private passenger automobile products to individuals, workers’ compensation coverage to small businesses and professional liability products on a selective basis. The reinsurance segment accepts professional liability cessions from other insurance companies.

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