Global Indemnity Group, LLC (NASDAQ:GBLI – Get Free Report) saw unusually-high trading volume on Monday . Approximately 6,026 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 4,125 shares.The stock last traded at $36.71 and had previously closed at $36.39.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Global Indemnity Group in a report on Sunday. They set a “buy” rating on the stock.
Read Our Latest Research Report on GBLI
Global Indemnity Group Stock Up 0.2 %
Global Indemnity Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a $0.35 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.84%. Global Indemnity Group’s dividend payout ratio (DPR) is presently 48.11%.
Hedge Funds Weigh In On Global Indemnity Group
A hedge fund recently raised its stake in Global Indemnity Group stock. Harbor Capital Advisors Inc. grew its position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) by 223.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,696 shares of the insurance provider’s stock after buying an additional 19,830 shares during the period. Harbor Capital Advisors Inc. owned about 0.21% of Global Indemnity Group worth $892,000 as of its most recent SEC filing. 37.40% of the stock is owned by institutional investors.
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.
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