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 note released on Thursday morning. The brokerage issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Trading Up 0.7 %

NASDAQ GBLI opened at $36.25 on Thursday. Global Indemnity Group has a 1-year low of $27.47 and a 1-year high of $37.00. The company has a market capitalization of $496.19 million, a price-to-earnings ratio of 12.46 and a beta of 0.42. The stock’s 50 day moving average is $35.31 and its two-hundred day moving average is $33.08.

Global Indemnity Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s payout ratio is presently 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.