StockNews.com Begins Coverage on Global Indemnity Group (NASDAQ:GBLI)

Posted by Logan Wallace on Dec 20th, 2024

StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a research note published on Tuesday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Trading Down 0.1 %

Global Indemnity Group stock opened at $36.00 on Tuesday. The company has a market capitalization of $492.77 million, a price-to-earnings ratio of 12.37 and a beta of 0.42. Global Indemnity Group has a 12 month low of $27.47 and a 12 month high of $37.00. The stock’s 50 day moving average is $34.90 and its 200-day moving average is $32.77.

Global Indemnity Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 3.89%. Global Indemnity Group’s payout ratio is presently 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 – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. 37.40% of the stock is owned by hedge funds and other institutional investors.

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.