Global Indemnity Group (NASDAQ:GBLI) Coverage Initiated at StockNews.com

by · The Markets Daily

StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a report issued on Wednesday. The brokerage issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Price Performance

GBLI stock opened at $35.65 on Wednesday. The company has a market cap of $487.98 million, a price-to-earnings ratio of 12.25 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 company has a fifty day moving average price of $35.14 and a 200 day moving average price of $32.96.

Global Indemnity Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) is presently 48.11%.

Institutional Trading of Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Innealta Capital LLC acquired a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 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.

About Global Indemnity Group

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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.

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