Global Indemnity Group (GBLI) to Release Earnings on Thursday

Global Indemnity Group (NASDAQ:GBLI) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Global Indemnity Group to post earnings of $0.54 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Global Indemnity Group (NASDAQ:GBLI) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.19. Global Indemnity Group had a net margin of 7.66% and a return on equity of 5.79%. The business had revenue of $108.69 million for the quarter, compared to analyst estimates of $114.00 million. On average, analysts expect Global Indemnity Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Global Indemnity Group Trading Down 0.1 %

Shares of GBLI opened at $33.91 on Thursday. Global Indemnity Group has a 12 month low of $26.50 and a 12 month high of $35.19. The stock has a fifty day moving average price of $32.95 and a 200-day moving average price of $31.89. The firm has a market cap of $461.31 million, a PE ratio of 13.35 and a beta of 0.43.

Global Indemnity Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.13%. Global Indemnity Group’s payout ratio is 55.12%.

Analyst Ratings Changes

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

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.