Global Indemnity Group (NASDAQ:GBLI) CEO Joseph Brown Purchases 5,000 Shares

Global Indemnity Group, LLC (NASDAQ:GBLI) CEO Joseph Brown bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price of $25.98 per share, for a total transaction of $129,900.00. Following the completion of the transaction, the chief executive officer owned 179,904 shares in the company, valued at $4,673,905.92. This represents a 2.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Global Indemnity Group Stock Up 2.9%

GBLI traded up $0.80 during midday trading on Wednesday, reaching $28.28. 4,502 shares of the company’s stock were exchanged, compared to its average volume of 4,721. The business has a 50-day simple moving average of $28.82 and a two-hundred day simple moving average of $29.94. The firm has a market capitalization of $404.97 million, a price-to-earnings ratio of 14.73 and a beta of 0.46. Global Indemnity Group, LLC has a one year low of $25.88 and a one year high of $37.00.

Global Indemnity Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Monday, September 29th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.40 annualized dividend and a yield of 5.0%. Global Indemnity Group’s payout ratio is currently 72.92%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Indemnity Group in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On Global Indemnity Group

A number of large investors have recently bought and sold shares of the company. State of Wyoming grew its holdings in shares of Global Indemnity Group by 39.6% in the 1st quarter. State of Wyoming now owns 2,654 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 753 shares in the last quarter. Cove Street Capital LLC increased its holdings in Global Indemnity Group by 5.6% during the third quarter. Cove Street Capital LLC now owns 18,746 shares of the insurance provider’s stock worth $545,000 after buying an additional 1,000 shares during the last quarter. Boston Partners raised its position in Global Indemnity Group by 25.9% during the first quarter. Boston Partners now owns 130,833 shares of the insurance provider’s stock worth $4,507,000 after acquiring an additional 26,886 shares in the last quarter. Cannell Capital LLC lifted its stake in Global Indemnity Group by 1.4% in the second quarter. Cannell Capital LLC now owns 282,313 shares of the insurance provider’s stock valued at $8,853,000 after acquiring an additional 3,841 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Global Indemnity Group by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 298,435 shares of the insurance provider’s stock valued at $9,359,000 after acquiring an additional 2,565 shares during the period. Institutional investors and hedge funds 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.