Global Indemnity Group (GBLI) to Release Earnings on Wednesday

Global Indemnity Group (NASDAQ:GBLI) is set to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Global Indemnity Group to post earnings of $0.60 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Global Indemnity Group (NASDAQ:GBLI) last announced its quarterly earnings results on Wednesday, March 13th. The insurance provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.75. Global Indemnity Group had a return on equity of 4.32% and a net margin of 4.79%. The company had revenue of $109.26 million during the quarter, compared to analyst estimates of $136.00 million. On average, analysts expect Global Indemnity Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Global Indemnity Group Stock Up 1.0 %

Shares of GBLI stock opened at $32.31 on Monday. The stock has a fifty day moving average of $30.65 and a 200 day moving average of $31.33. Global Indemnity Group has a 52 week low of $25.21 and a 52 week high of $37.00. The firm has a market capitalization of $438.77 million, a price-to-earnings ratio of 17.66 and a beta of 0.46.

Global Indemnity Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were paid a $0.35 dividend. This is a positive change from Global Indemnity Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.40 dividend on an annualized basis and a yield of 4.33%. Global Indemnity Group’s dividend payout ratio (DPR) is presently 76.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Global Indemnity Group in a research note on Monday, April 29th. They issued a “buy” rating for the company.

Global Indemnity Group Company Profile

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products worldwide. It operates in two segments, Penn-America and Non-Core Operations. The company distributes property and general liability products for small commercial businesses through a network of wholesale general agents; and property and general liability niche products through program administrators with specific binding authority.