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

StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report sent to investors on Monday. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Price Performance

GBLI stock opened at $36.50 on Monday. The company’s 50 day simple moving average is $34.62 and its 200-day simple moving average is $32.58. Global Indemnity Group has a 12 month low of $27.47 and a 12 month high of $37.00. The firm has a market capitalization of $499.61 million, a PE ratio of 12.54 and a beta of 0.42.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.84%. The ex-dividend date is Tuesday, December 24th. Global Indemnity Group’s payout ratio is 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 position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. Hedge funds and other institutional investors own 37.40% of the company’s 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.