Global Indemnity Group (NASDAQ:GBLI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report sent to investors on Saturday. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 1.3 %

Shares of GBLI opened at $34.74 on Friday. The company has a 50-day moving average price of $35.59 and a two-hundred day moving average price of $33.50. The stock has a market cap of $475.58 million, a price-to-earnings ratio of 11.94 and a beta of 0.42. Global Indemnity Group has a 12 month low of $27.47 and a 12 month high of $37.00.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.03%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio is 48.11%.

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.