Global Indemnity Group (NASDAQ:GBLI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Global Indemnity Group, LLC (NASDAQ:GBLI)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.27 and traded as high as $36.22. Global Indemnity Group shares last traded at $36.22, with a volume of 1,957 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Global Indemnity Group in a report on Friday. They set a “buy” rating on the stock.

Global Indemnity Group Trading Down 0.4 %

The stock’s 50-day moving average price is $35.55 and its 200-day moving average price is $33.27. The stock has a market cap of $495.78 million, a price-to-earnings ratio of 12.45 and a beta of 0.42.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Tuesday, December 24th. 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.