Global Indemnity Group (NASDAQ:GBLI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note published on Friday morning. The brokerage issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

GBLI opened at $35.05 on Friday. Global Indemnity Group has a fifty-two week low of $28.37 and a fifty-two week high of $37.00. The firm has a 50-day moving average of $35.32 and a 200 day moving average of $34.50. The firm has a market cap of $479.76 million, a P/E ratio of 12.04 and a beta of 0.46.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be issued a $0.35 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.99%. Global Indemnity Group’s dividend payout ratio (DPR) is presently 48.11%.

Hedge Funds Weigh In On Global Indemnity Group

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming lifted its stake in shares of Global Indemnity Group by 56.3% during the 4th quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock valued at $68,000 after buying an additional 685 shares in the last quarter. Cannell Capital LLC raised its holdings in Global Indemnity Group by 23.1% during the 4th quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock valued at $8,854,000 after acquiring an additional 46,167 shares during the period. Huber Capital Management LLC purchased a new stake in shares of Global Indemnity Group during the fourth quarter worth $232,000. Finally, Boston Partners boosted its holdings in shares of Global Indemnity Group by 34.9% in the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock worth $3,742,000 after acquiring an additional 26,893 shares during the period. 37.40% of the stock is 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.