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

StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a report published on Friday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Trading Up 1.9 %

GBLI stock opened at $35.05 on Friday. The company’s 50 day moving average is $35.32 and its 200 day moving average is $34.50. The stock has a market cap of $479.76 million, a price-to-earnings ratio of 12.04 and a beta of 0.46. Global Indemnity Group has a 1-year low of $28.37 and a 1-year high of $37.00.

Global Indemnity Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Friday, March 21st. Global Indemnity Group’s dividend payout ratio (DPR) is currently 48.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GBLI. Cannell Capital LLC grew its position in Global Indemnity Group by 23.1% during the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock valued at $8,854,000 after acquiring an additional 46,167 shares during the last quarter. Boston Partners lifted its holdings in shares of Global Indemnity Group by 34.9% in the 4th quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock worth $3,742,000 after acquiring an additional 26,893 shares during the last quarter. Huber Capital Management LLC purchased a new stake in shares of Global Indemnity Group in the 4th quarter valued at $232,000. Finally, State of Wyoming grew its holdings in shares of Global Indemnity Group by 56.3% during the 4th quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 685 shares during the last quarter. 37.40% of the stock is currently owned by hedge funds and other institutional investors.

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.