Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report released on Wednesday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Up 2.5 %

Shares of Global Indemnity Group stock opened at $35.49 on Wednesday. The company has a market cap of $485.79 million, a PE ratio of 12.19 and a beta of 0.42. The business has a 50 day moving average of $35.60 and a 200 day moving average of $34.25. Global Indemnity Group has a 52 week low of $28.25 and a 52 week high of $37.00.

Global Indemnity Group Dividend Announcement

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 dividend yield of 3.95%. The ex-dividend date of this dividend was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio is currently 48.11%.

Institutional Trading of Global Indemnity Group

Several institutional investors and hedge funds have recently bought and sold shares of GBLI. State of Wyoming raised its position in shares of Global Indemnity Group by 56.3% in the 4th quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 685 shares in the last quarter. Huber Capital Management LLC bought a new stake in shares of Global Indemnity Group during the 4th quarter valued at $232,000. Boston Partners increased its stake in shares of Global Indemnity Group by 34.9% in the 4th quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock worth $3,742,000 after acquiring an additional 26,893 shares in the last quarter. Finally, Cannell Capital LLC lifted its position in Global Indemnity Group by 23.1% during the 4th quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock valued at $8,854,000 after acquiring an additional 46,167 shares during the period. 37.40% of the stock is currently owned by hedge funds and other institutional investors.

Global Indemnity Group Company Profile

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.