Global Indemnity Group, LLC (NASDAQ:GBLI) Plans Quarterly Dividend of $0.35

Global Indemnity Group, LLC (NASDAQ:GBLI) announced a quarterly dividend on Thursday, June 5th, RTT News reports. Investors of record on Friday, June 20th will be paid a dividend of 0.35 per share by the insurance provider on Friday, June 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, June 20th.

Global Indemnity Group has a payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Global Indemnity Group to earn $3.48 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 40.2%.

Global Indemnity Group Trading Down 2.2%

Shares of Global Indemnity Group stock opened at $32.26 on Wednesday. The company has a market capitalization of $459.89 million, a PE ratio of 11.08 and a beta of 0.41. The stock’s fifty day simple moving average is $30.02 and its 200 day simple moving average is $33.41. Global Indemnity Group has a 12 month low of $26.94 and a 12 month high of $37.00.

Insider Transactions at Global Indemnity Group

In other Global Indemnity Group news, Director Saul A. Fox purchased 10,000 shares of the business’s stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of $31.79 per share, with a total value of $317,900.00. Following the transaction, the director now directly owns 1,828,685 shares of the company’s stock, valued at $58,133,896.15. This represents a 0.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph W. Brown purchased 5,000 shares of Global Indemnity Group stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $28.45 per share, with a total value of $142,250.00. Following the completion of the transaction, the insider now directly owns 162,404 shares of the company’s stock, valued at approximately $4,620,393.80. The trade was a 3.18% increase in their position. The disclosure for this purchase can be found here. Insiders bought 48,800 shares of company stock valued at $1,471,860 over the last three months. Company insiders own 52.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of Global Indemnity Group in a report on Sunday, May 18th. They set a “buy” rating on the 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.