Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

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

Global Indemnity Group Stock Up 0.8 %

GBLI stock opened at $30.75 on Monday. The stock has a market capitalization of $418.20 million, a price-to-earnings ratio of 12.40 and a beta of 0.45. Global Indemnity Group has a 52-week low of $26.50 and a 52-week high of $37.00. The stock’s fifty day simple moving average is $31.58 and its 200-day simple moving average is $30.60.

Global Indemnity Group (NASDAQ:GBLI) last released its earnings results on Wednesday, May 8th. The insurance provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.17. The firm had revenue of $112.29 million for the quarter, compared to the consensus estimate of $90.00 million. Global Indemnity Group had a return on equity of 5.40% and a net margin of 6.98%. As a group, analysts anticipate that Global Indemnity Group will post 2.55 earnings per share for the current fiscal year.

Global Indemnity Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be issued a $0.35 dividend. The ex-dividend date is Friday, June 21st. This represents a $1.40 dividend on an annualized basis and a yield of 4.55%. Global Indemnity Group’s payout ratio is 56.45%.

Hedge Funds Weigh In On Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Boston Partners bought a new position in Global Indemnity Group, LLC (NASDAQ:GBLI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 81,498 shares of the insurance provider’s stock, valued at approximately $2,488,000. Boston Partners owned 0.60% of Global Indemnity Group at the end of the most recent quarter. 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.