Global Indemnity Group (NASDAQ:GBLI) Stock Passes Above 200 Day Moving Average – Time to Sell?

Posted by ABMN Staff on Dec 17th, 2024

Global Indemnity Group, LLC (NASDAQ:GBLI – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.69 and traded as high as $36.18. Global Indemnity Group shares last traded at $35.37, with a volume of 5,350 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Global Indemnity Group in a research report on Tuesday. They set a “buy” rating on the stock.

View Our Latest Stock Analysis on Global Indemnity Group

Global Indemnity Group Stock Down 2.4 %

The company has a fifty day simple moving average of $34.77 and a 200 day simple moving average of $32.69. The firm has a market capitalization of $484.22 million, a P/E ratio of 12.15 and a beta of 0.42.

Global Indemnity Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.96%. The ex-dividend date is Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) is 48.11%.

Institutional Investors Weigh In On Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Innealta Capital LLC purchased a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. Institutional investors and hedge funds own 37.40% of the company’s stock.

Global Indemnity Group Company Profile

(Get Free Report)

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.