Global Indemnity Group, LLC (NASDAQ:GBLI) Director Purchases $332,766.00 in Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) Director Saul A. Fox purchased 11,400 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $29.19 per share, with a total value of $332,766.00. Following the acquisition, the director now directly owns 1,796,285 shares in the company, valued at approximately $52,433,559.15. The trade was a 0.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Global Indemnity Group Price Performance

Shares of Global Indemnity Group stock opened at $30.30 on Friday. The business has a fifty day simple moving average of $31.46 and a two-hundred day simple moving average of $33.99. 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 price-to-earnings ratio of 10.41 and a beta of 0.39.

Global Indemnity Group Dividend Announcement

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

Institutional Investors Weigh In On Global Indemnity Group

A number of hedge funds and other institutional investors have recently modified their holdings of GBLI. Cannell Capital LLC lifted its holdings in shares of 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 buying an additional 46,167 shares in the last quarter. Boston Partners lifted its holdings 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 worth $3,742,000 after buying an additional 26,893 shares in the last quarter. Huber Capital Management LLC acquired a new stake in shares of Global Indemnity Group during the fourth quarter worth $232,000. Finally, State of Wyoming lifted its holdings in shares of Global Indemnity Group by 39.6% during 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. Institutional investors and hedge funds own 37.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Global Indemnity Group in a report on Sunday. 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.