Global Indemnity Group, LLC (NASDAQ:GBLI) CEO Purchases $53,940.00 in Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) CEO Praveen Kotha Reddy bought 1,500 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $35.96 per share, with a total value of $53,940.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $53,940. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Global Indemnity Group Stock Down 1.4 %

Shares of GBLI opened at $35.98 on Friday. Global Indemnity Group, LLC has a 12-month low of $28.62 and a 12-month high of $37.00. The business has a 50-day simple moving average of $35.24 and a two-hundred day simple moving average of $34.70. The stock has a market cap of $492.43 million, a PE ratio of 12.36 and a beta of 0.46.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 21st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.89%. Global Indemnity Group’s payout ratio is 44.87%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Global Indemnity Group in a research report on Saturday, March 15th. They set a “buy” rating for the company.

Institutional Investors Weigh In On Global Indemnity Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners boosted its position in shares of Global Indemnity Group by 34.9% during the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock valued at $3,742,000 after buying an additional 26,893 shares during the last quarter. Huber Capital Management LLC bought a new stake in Global Indemnity Group during the fourth quarter worth $232,000. Cannell Capital LLC lifted its holdings in Global Indemnity Group by 23.1% during the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock worth $8,854,000 after acquiring an additional 46,167 shares during the period. Finally, State of Wyoming raised its stake in shares of Global Indemnity Group by 56.3% in the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock valued at $68,000 after buying an additional 685 shares during the period. Institutional investors own 37.40% of the company’s stock.

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.