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

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note published on Saturday. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Up 0.4 %

Shares of NASDAQ GBLI opened at $35.14 on Friday. The stock’s 50-day simple moving average is $33.77 and its two-hundred day simple moving average is $32.19. Global Indemnity Group has a twelve month low of $26.50 and a twelve month high of $37.00. The firm has a market capitalization of $481.07 million, a P/E ratio of 12.08 and a beta of 0.43.

Global Indemnity Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Monday, September 30th. Global Indemnity Group’s payout ratio is 48.11%.

Institutional Trading of Global Indemnity Group

Hedge funds have recently made changes to their positions in the stock. Boston Partners purchased a new stake in Global Indemnity Group during the first quarter valued at about $2,488,000. Harbor Capital Advisors Inc. lifted its position in Global Indemnity Group by 223.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider’s stock worth $892,000 after buying an additional 19,830 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Global Indemnity Group during the second quarter valued at approximately $55,000. 37.40% of the stock is owned by institutional investors.

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.