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

StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note released on Sunday morning. The brokerage issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Trading Down 0.1 %

Shares of GBLI stock opened at $35.65 on Friday. The company’s 50-day moving average price is $35.73 and its 200-day moving average price is $33.71. The stock 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 twelve month low of $27.47 and a twelve month high of $37.00.

Global Indemnity Group (NASDAQ:GBLI) last announced its quarterly earnings results on Thursday, November 7th. The insurance provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.41. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. The firm had revenue of $111.76 million for the quarter, compared to analysts’ expectations of $123.00 million. During the same quarter in the previous year, the company posted ($0.05) EPS. As a group, equities research analysts predict that Global Indemnity Group will post 3.25 EPS for the current year.

Global Indemnity Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $1.40 dividend on an annualized basis and a yield of 3.93%. Global Indemnity Group’s payout ratio is currently 48.11%.

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.