Hotchkis & Wiley Capital Management LLC Lowers Stock Position in Global Indemnity Group, LLC (NASDAQ:GBLI)

Hotchkis & Wiley Capital Management LLC cut its position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,009,393 shares of the insurance provider’s stock after selling 5,300 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 7.42% of Global Indemnity Group worth $33,542,000 as of its most recent SEC filing.

Separately, Innealta Capital LLC purchased a new stake in Global Indemnity Group during the second quarter worth about $55,000. 37.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Global Indemnity Group Price Performance

NASDAQ:GBLI opened at $36.50 on Wednesday. The company has a market capitalization of $499.69 million, a P/E ratio of 9.79 and a beta of 0.42. The business has a fifty day simple moving average of $34.15 and a two-hundred day simple moving average of $32.34. Global Indemnity Group, LLC has a 1 year low of $26.50 and a 1 year high of $37.00.

Global Indemnity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.84%. The ex-dividend date was Monday, September 30th. Global Indemnity Group’s dividend payout ratio (DPR) is currently 48.11%.

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.