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

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

Global Indemnity Group Price Performance

Shares of GBLI stock opened at $30.56 on Monday. The company has a market capitalization of $415.74 million, a P/E ratio of 12.32 and a beta of 0.45. The company’s 50-day simple moving average is $31.47 and its two-hundred day simple moving average is $30.61. Global Indemnity Group has a one year low of $26.50 and a one year high of $37.00.

Global Indemnity Group (NASDAQ:GBLI) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.17. The business had revenue of $112.29 million for the quarter, compared to the consensus estimate of $90.00 million. Global Indemnity Group had a net margin of 6.98% and a return on equity of 5.40%. On average, research analysts expect that Global Indemnity Group will post 2.55 EPS 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. Shareholders of record on Friday, June 21st will be paid 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 4.58%. Global Indemnity Group’s dividend payout ratio is currently 56.45%.

Hedge Funds Weigh In On Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Boston Partners acquired a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 81,498 shares of the insurance provider’s stock, valued at approximately $2,488,000. Boston Partners owned approximately 0.60% of Global Indemnity Group as of its most recent filing with the Securities & Exchange Commission. 37.40% of the stock is currently 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.