Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLIFree Report) in a research note issued to investors on Saturday. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Trading Up 0.4 %

Global Indemnity Group stock opened at $35.69 on Friday. The firm has a market capitalization of $488.52 million, a P/E ratio of 12.26 and a beta of 0.46. Global Indemnity Group has a twelve month low of $28.37 and a twelve month high of $37.00. The stock’s fifty day simple moving average is $35.24 and its 200-day simple moving average is $34.65.

Global Indemnity Group Announces Dividend

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

Institutional Trading of Global Indemnity Group

A number of large investors have recently made changes to their positions in GBLI. Cannell Capital LLC lifted its stake in Global Indemnity Group by 23.1% in the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock worth $8,854,000 after acquiring an additional 46,167 shares during the last quarter. Boston Partners lifted its position 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 purchasing an additional 26,893 shares during the last quarter. Huber Capital Management LLC purchased a new stake in shares of Global Indemnity Group during the 4th quarter worth $232,000. Finally, State of Wyoming increased its holdings in Global Indemnity Group by 56.3% in the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock valued at $68,000 after buying an additional 685 shares during the last quarter. 37.40% of the stock is currently owned by hedge funds and other institutional investors.

Global Indemnity Group Company Profile

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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.

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