Global Indemnity Group (NASDAQ:GBLI) Stock Price Passes Above 200-Day Moving Average of $30.66

Global Indemnity Group, LLC (NASDAQ:GBLI) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.66 and traded as high as $31.64. Global Indemnity Group shares last traded at $30.63, with a volume of 539 shares traded.

Analysts Set New Price Targets

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

Global Indemnity Group Stock Performance

The firm has a 50-day moving average price of $31.34 and a 200-day moving average price of $30.67. The stock has a market cap of $417.38 million, a PE ratio of 12.38 and a beta of 0.44.

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

Global Indemnity Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Friday, June 21st. Global Indemnity Group’s dividend payout ratio (DPR) is 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 bought a new position in Global Indemnity Group, LLC (NASDAQ:GBLI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 81,498 shares of the insurance provider’s stock, valued at approximately $2,488,000. Boston Partners owned about 0.60% of Global Indemnity Group as of its most recent filing with the SEC. 37.40% of the stock is owned by hedge funds and other 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.