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 report released on Tuesday. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Price Performance

Shares of Global Indemnity Group stock opened at $36.00 on Tuesday. Global Indemnity Group has a 1 year low of $27.47 and a 1 year high of $37.00. The company has a market capitalization of $492.77 million, a P/E ratio of 12.37 and a beta of 0.42. The business has a 50-day moving average of $34.90 and a two-hundred day moving average of $32.77.

Global Indemnity Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a $1.40 annualized dividend and a yield of 3.89%. Global Indemnity Group’s dividend payout ratio is currently 48.11%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global Indemnity Group stock. Innealta Capital LLC acquired a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. Institutional investors and hedge funds own 37.40% of the company’s stock.

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.