Global Indemnity Group (NASDAQ:GBLI) Research Coverage Started at StockNews.com

Posted by Casey Walker on Feb 6th, 2025

StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a research report sent to investors on Monday. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

Shares of GBLI opened at $35.31 on Monday. Global Indemnity Group has a fifty-two week low of $27.47 and a fifty-two week high of $37.00. The stock has a fifty day moving average of $35.78 and a two-hundred day moving average of $33.89. The company has a market capitalization of $483.39 million, a PE ratio of 12.13 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last released its earnings results on Thursday, November 7th. The insurance provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.54 by $0.41. The firm had revenue of $111.76 million during the quarter, compared to analyst estimates of $123.00 million. Global Indemnity Group had a return on equity of 7.74% and a net margin of 9.05%. During the same period in the prior year, the firm posted ($0.05) earnings per share. As a group, equities research analysts forecast that Global Indemnity Group will post 3.25 earnings per share for the current fiscal year.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.96%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) is 48.11%.

About Global Indemnity Group

(Get Free Report)

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.