Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note released on Wednesday. The brokerage issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Trading Down 2.3 %

NASDAQ:GBLI opened at $35.65 on Wednesday. The stock has a market capitalization of $487.98 million, a P/E ratio of 12.25 and a beta of 0.42. Global Indemnity Group has a 1 year low of $27.47 and a 1 year high of $37.00. The firm has a 50 day moving average of $35.08 and a 200-day moving average of $32.91.

Global Indemnity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be given a $0.35 dividend. The ex-dividend date is Tuesday, December 24th. This represents a $1.40 dividend on an annualized basis and a yield of 3.93%. Global Indemnity Group’s payout ratio is 48.11%.

Hedge Funds Weigh In On Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Innealta Capital LLC purchased a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. 37.40% of the stock is owned by institutional investors.

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.