Seth Gersch Buys 1,000 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI) Stock

Global Indemnity Group, LLC (NASDAQ:GBLIGet Rating) Director Seth Gersch acquired 1,000 shares of Global Indemnity Group stock in a transaction that occurred on Tuesday, May 17th. The shares were purchased at an average cost of $26.96 per share, with a total value of $26,960.00. Following the completion of the acquisition, the director now owns 166,471 shares of the company’s stock, valued at approximately $4,488,058.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

NASDAQ GBLI opened at $26.50 on Friday. Global Indemnity Group, LLC has a fifty-two week low of $23.97 and a fifty-two week high of $31.98. The stock has a market cap of $385.05 million, a price-to-earnings ratio of 46.49 and a beta of 0.22. The business has a fifty day moving average of $26.16 and a 200-day moving average of $26.09. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.19.

Global Indemnity Group (NASDAQ:GBLIGet Rating) last announced its quarterly earnings data on Monday, May 9th. The insurance provider reported $0.36 EPS for the quarter. The business had revenue of $130.46 million during the quarter. Global Indemnity Group had a return on equity of 1.80% and a net margin of 1.39%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Friday, March 18th. Global Indemnity Group’s dividend payout ratio is currently 175.44%.

Several large investors have recently made changes to their positions in the company. Berkley W R Corp purchased a new stake in shares of Global Indemnity Group in the first quarter valued at $15,427,000. RBF Capital LLC purchased a new stake in Global Indemnity Group during the first quarter valued at about $533,000. Renaissance Technologies LLC grew its position in Global Indemnity Group by 7.1% during the first quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock valued at $2,195,000 after acquiring an additional 5,600 shares during the period. Cullen Frost Bankers Inc. grew its position in Global Indemnity Group by 22.2% during the first quarter. Cullen Frost Bankers Inc. now owns 11,000 shares of the insurance provider’s stock valued at $287,000 after acquiring an additional 2,000 shares during the period. Finally, Cannell Capital LLC purchased a new stake in Global Indemnity Group during the third quarter valued at about $853,000. 88.18% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on GBLI. StockNews.com began coverage on Global Indemnity Group in a report on Saturday. They issued a “hold” rating for the company. TheStreet raised Global Indemnity Group from a “c” rating to a “b-” rating in a report on Friday, March 11th.

Global Indemnity Group Company Profile (Get Rating)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.

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