Saul A. Fox Acquires 22,400 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI) Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) Director Saul A. Fox bought 22,400 shares of Global Indemnity Group stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average price of $30.31 per share, with a total value of $678,944.00. Following the completion of the transaction, the director now owns 1,818,685 shares of the company’s stock, valued at $55,124,342.35. This represents a 1.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Global Indemnity Group Price Performance

Shares of GBLI opened at $30.30 on Friday. Global Indemnity Group, LLC has a 1-year low of $26.94 and a 1-year high of $37.00. The company has a market capitalization of $432.02 million, a P/E ratio of 10.41 and a beta of 0.39. The firm’s 50 day simple moving average is $31.46 and its 200 day simple moving average is $33.99.

Global Indemnity Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Friday, March 21st. Global Indemnity Group’s dividend payout ratio (DPR) is currently 70.00%.

Institutional Trading of Global Indemnity Group

A number of hedge funds have recently made changes to their positions in GBLI. Cannell Capital LLC raised its position 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 valued at $8,854,000 after purchasing an additional 46,167 shares in the last quarter. Boston Partners raised its holdings in shares of Global Indemnity Group by 25.9% during the 1st quarter. Boston Partners now owns 130,833 shares of the insurance provider’s stock valued at $4,507,000 after buying an additional 26,886 shares in the last quarter. Huber Capital Management LLC bought a new stake in Global Indemnity Group in the 4th quarter worth approximately $232,000. Finally, State of Wyoming boosted its stake in Global Indemnity Group by 39.6% in the first quarter. State of Wyoming now owns 2,654 shares of the insurance provider’s stock worth $91,000 after buying an additional 753 shares in the last quarter. 37.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Global Indemnity Group in a research report on Saturday, May 10th. They set a “buy” rating for the company.

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.