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 issued to investors on Friday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

Shares of Global Indemnity Group stock traded up $0.25 on Friday, hitting $35.00. The stock had a trading volume of 3,367 shares, compared to its average volume of 4,118. The stock has a 50 day moving average of $33.51 and a 200 day moving average of $32.08. The firm has a market capitalization of $476 million, a P/E ratio of 12.03 and a beta of 0.43. Global Indemnity Group has a twelve month low of $26.50 and a twelve month high of $37.00.

Global Indemnity Group Dividend Announcement

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. This represents a $1.40 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, September 30th. Global Indemnity Group’s payout ratio is currently 48.11%.

Institutional Trading of Global Indemnity Group

Several institutional investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Global Indemnity Group during the 2nd quarter worth about $55,000. Harbor Capital Advisors Inc. increased its stake in shares of Global Indemnity Group by 223.7% in the second quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider’s stock valued at $892,000 after buying an additional 19,830 shares during the period. Finally, Boston Partners bought a new position in shares of Global Indemnity Group during the first quarter worth about $2,488,000. Institutional investors 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.