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

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

Global Indemnity Group Price Performance

Shares of NASDAQ:GBLI opened at $35.65 on Friday. The firm has a market capitalization of $487.98 million, a PE ratio of 12.25 and a beta of 0.42. The firm’s 50-day moving average is $35.73 and its two-hundred day moving average is $33.71. Global Indemnity Group has a 1 year low of $27.47 and a 1 year high of $37.00.

Global Indemnity Group (NASDAQ:GBLI) last released its earnings results on Thursday, November 7th. The insurance provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.41. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. The firm had revenue of $111.76 million for the quarter, compared to analyst estimates of $123.00 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. Analysts expect that Global Indemnity Group will post 3.25 EPS for the current fiscal year.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $1.40 annualized dividend and a yield of 3.93%. Global Indemnity Group’s dividend payout ratio is currently 48.11%.

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.