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

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

Global Indemnity Group Price Performance

GBLI stock opened at $35.99 on Friday. The company’s 50 day simple moving average is $33.77 and its 200-day simple moving average is $32.19. Global Indemnity Group has a 12 month low of $26.50 and a 12 month high of $37.00. The firm has a market capitalization of $492.70 million, a PE ratio of 12.10 and a beta of 0.43.

Global Indemnity Group Announces Dividend

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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.89%. Global Indemnity Group’s dividend payout ratio (DPR) is 48.11%.

Institutional Trading of Global Indemnity Group

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

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.