Global Indemnity Group (NASDAQ:GBLI) Coverage Initiated by Analysts at StockNews.com

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

Global Indemnity Group Stock Performance

Shares of NASDAQ GBLI opened at $35.63 on Friday. The company’s 50 day moving average price is $35.69 and its 200-day moving average price is $33.63. Global Indemnity Group has a 52-week low of $27.47 and a 52-week high of $37.00. The company has a market capitalization of $487.79 million, a P/E ratio of 12.24 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI) last released its earnings results on Thursday, November 7th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.41. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. The business had revenue of $111.76 million for the quarter, compared to analyst estimates of $123.00 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Analysts forecast that Global Indemnity Group will post 3.25 earnings per share for the current year.

Global Indemnity Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a $0.35 dividend. The ex-dividend date was 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 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.