StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a report released on Friday. The firm issued a buy rating on the insurance provider’s stock.
Global Indemnity Group Stock Performance
Shares of GBLI opened at $35.60 on Friday. The stock has a 50 day moving average price of $35.59 and a 200 day moving average price of $33.35. Global Indemnity Group has a one year low of $27.47 and a one year high of $37.00. The stock has a market capitalization of $487.29 million, a price-to-earnings ratio of 12.23 and a beta of 0.42.
Global Indemnity Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) is 48.11%.
About Global Indemnity Group
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.
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