Global Indemnity Group (NASDAQ:GBLI) Shares Cross Above 200-Day Moving Average – What’s Next?

Global Indemnity Group, LLC (NASDAQ:GBLI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.27 and traded as high as $36.22. Global Indemnity Group shares last traded at $36.22, with a volume of 1,957 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Global Indemnity Group in a report on Friday. They issued a “buy” rating for the company.

Global Indemnity Group Price Performance

The firm’s fifty day moving average price is $35.55 and its 200-day moving average price is $33.27. The company has a market cap of $487.29 million, a price-to-earnings ratio of 12.23 and a beta of 0.42.

Global Indemnity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $1.40 annualized dividend and a dividend yield of 3.93%. Global Indemnity Group’s dividend payout ratio (DPR) is 48.11%.

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.