Huber Capital Management LLC Makes New Investment in Global Indemnity Group, LLC (NASDAQ:GBLI)

Huber Capital Management LLC bought a new position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,433 shares of the insurance provider’s stock, valued at approximately $232,000.

Separately, Boston Partners raised its holdings in Global Indemnity Group by 34.9% during the 4th quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock valued at $3,742,000 after acquiring an additional 26,893 shares during the period. Hedge funds and other institutional investors own 37.40% of the company’s stock.

Insider Transactions at Global Indemnity Group

In other Global Indemnity Group news, CEO Praveen Kotha Reddy acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $35.96 per share, with a total value of $53,940.00. Following the completion of the purchase, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $53,940. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 52.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Global Indemnity Group in a research note on Monday. They set a “buy” rating for the company.

Global Indemnity Group Stock Down 0.7 %

Shares of GBLI opened at $34.72 on Thursday. The stock has a market capitalization of $494.97 million, a P/E ratio of 11.93 and a beta of 0.46. The firm has a fifty day simple moving average of $35.33 and a two-hundred day simple moving average of $34.91. Global Indemnity Group, LLC has a twelve month low of $29.65 and a twelve month high of $37.00.

Global Indemnity Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Friday, March 21st. Global Indemnity Group’s payout ratio is currently 44.87%.

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.