StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a research report released on Saturday. The brokerage issued a buy rating on the insurance provider’s stock.
Global Indemnity Group Trading Down 1.3 %
Shares of Global Indemnity Group stock opened at $34.74 on Friday. The company has a fifty day simple moving average of $35.58 and a 200-day simple moving average of $33.45. Global Indemnity Group has a 12-month low of $27.47 and a 12-month high of $37.00. The stock has a market cap of $475.58 million, a price-to-earnings ratio of 9.57 and a beta of 0.42.
Global Indemnity Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) is currently 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.
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