Boston Partners Acquires 26,893 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI)

Boston Partners grew its holdings in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,947 shares of the insurance provider’s stock after acquiring an additional 26,893 shares during the period. Boston Partners’ holdings in Global Indemnity Group were worth $3,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Global Indemnity Group Trading Down 1.7 %

Shares of NASDAQ:GBLI opened at $36.04 on Friday. The stock has a 50 day moving average of $35.25 and a 200 day moving average of $34.72. The company has a market cap of $493.25 million, a PE ratio of 12.38 and a beta of 0.46. Global Indemnity Group, LLC has a 12-month low of $28.62 and a 12-month high of $37.00.

Global Indemnity Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 21st will be given 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 3.89%. Global Indemnity Group’s payout ratio is currently 44.87%.

Insider Transactions at Global Indemnity Group

In other Global Indemnity Group news, CEO Praveen Kotha Reddy acquired 1,500 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of $35.96 per share, with a total value of $53,940.00. Following the completion of the purchase, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $53,940. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 52.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Global Indemnity Group in a research report on Saturday, March 15th. They set a “buy” rating on the stock.

Global Indemnity Group 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.