Global Indemnity Group (NASDAQ:GBLI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Global Indemnity Group, LLC (NASDAQ:GBLI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $34.59 and traded as high as $36.04. Global Indemnity Group shares last traded at $35.68, with a volume of 20,351 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Global Indemnity Group in a research note on Saturday. They set a “buy” rating on the stock.

Global Indemnity Group Stock Performance

The company’s 50 day moving average price is $35.27 and its 200 day moving average price is $34.61. The company has a market cap of $488.32 million, a price-to-earnings ratio of 12.26 and a beta of 0.46.

Global Indemnity Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, March 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.92%. Global Indemnity Group’s dividend payout ratio (DPR) is 44.87%.

Institutional Trading of Global Indemnity Group

Large investors have recently modified their holdings of the company. State of Wyoming boosted its holdings in shares of Global Indemnity Group by 56.3% during the 4th quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock worth $68,000 after buying an additional 685 shares during the period. Cannell Capital LLC boosted its holdings in shares of Global Indemnity Group by 23.1% during the 4th 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 during the period. Huber Capital Management LLC bought a new stake in shares of Global Indemnity Group during the 4th quarter worth $232,000. Finally, Boston Partners boosted its holdings in shares of Global Indemnity Group by 34.9% during the 4th 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 during the period. 37.40% of the stock is owned by institutional investors.

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.