Global Indemnity Group (NASDAQ:GBLI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a report issued on Tuesday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 0.2 %

Shares of GBLI stock opened at $35.91 on Tuesday. The stock has a market cap of $491.62 million, a P/E ratio of 12.34 and a beta of 0.42. Global Indemnity Group has a 52 week low of $27.47 and a 52 week high of $37.00. The company’s fifty day simple moving average is $35.68 and its two-hundred day simple moving average is $34.06.

Global Indemnity Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.90%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s payout ratio is currently 48.11%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cannell Capital LLC raised its position in Global Indemnity Group by 23.1% in the 4th quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock worth $8,854,000 after purchasing an additional 46,167 shares during the period. Boston Partners raised its position in Global Indemnity Group by 34.9% in 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 period. Finally, Huber Capital Management LLC purchased a new stake in Global Indemnity Group in the 4th quarter worth about $232,000. Institutional investors own 37.40% of the company’s stock.

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.