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

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

Global Indemnity Group Trading Down 1.9 %

Global Indemnity Group stock opened at $35.30 on Monday. Global Indemnity Group has a 12-month low of $27.47 and a 12-month high of $37.00. The firm has a 50-day moving average price of $35.81 and a 200-day moving average price of $33.85. The firm has a market capitalization of $483.12 million, a PE ratio of 12.13 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI) last announced its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.41. The business had revenue of $111.76 million during the quarter, compared to the consensus estimate of $123.00 million. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. During the same quarter last year, the firm earned ($0.05) earnings per share. As a group, sell-side analysts predict that Global Indemnity Group will post 3.25 earnings per share for the current fiscal year.

Global Indemnity Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, December 24th. This represents a $1.40 dividend on an annualized basis and a yield of 3.97%. Global Indemnity Group’s payout ratio is 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.