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 report issued on Sunday morning. The brokerage issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Price Performance

Global Indemnity Group stock opened at $36.39 on Friday. The firm has a market capitalization of $498.11 million, a P/E ratio of 12.51 and a beta of 0.43. Global Indemnity Group has a one year low of $26.50 and a one year high of $37.00. The business has a fifty day moving average price of $34.08 and a 200-day moving average price of $32.30.

Global Indemnity Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Monday, September 30th. Global Indemnity Group’s dividend payout ratio is 48.11%.

Institutional Investors Weigh In On Global Indemnity Group

Large investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in Global Indemnity Group during the second quarter valued at $55,000. Harbor Capital Advisors Inc. lifted its stake in Global Indemnity Group by 223.7% during the second quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider’s stock worth $892,000 after purchasing an additional 19,830 shares during the last quarter. Finally, Boston Partners bought a new stake in Global Indemnity Group during the first quarter worth about $2,488,000. Institutional investors own 37.40% of the company’s stock.

Global Indemnity Group Company Profile

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.