Hotchkis & Wiley Capital Management LLC Sells 5,300 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI)

Hotchkis & Wiley Capital Management LLC reduced its position in Global Indemnity Group, LLC (NASDAQ:GBLI) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,009,393 shares of the insurance provider’s stock after selling 5,300 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.07% of Global Indemnity Group worth $33,542,000 at the end of the most recent quarter.

Separately, Innealta Capital LLC bought a new stake in Global Indemnity Group during the second quarter valued at $55,000. 37.40% of the stock is currently owned by hedge funds and other institutional investors.

Global Indemnity Group Trading Up 0.2 %

GBLI stock opened at $36.50 on Wednesday. The company’s 50 day moving average is $34.15 and its 200 day moving average is $32.34. The stock has a market cap of $499.69 million, a price-to-earnings ratio of 9.79 and a beta of 0.42. Global Indemnity Group, LLC has a 1-year low of $26.50 and a 1-year high of $37.00.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Monday, September 30th. Global Indemnity Group’s payout ratio is 48.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Global Indemnity Group in a research note on Sunday. They issued a “buy” rating on the 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.