
Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) – Research analysts at Zacks Research cut their FY2026 EPS estimates for shares of Global Indemnity Group in a research report issued to clients and investors on Thursday, August 6th. Zacks Research analyst T. Kerr now forecasts that the insurance provider will post earnings per share of $2.37 for the year, down from their prior forecast of $2.38. The consensus estimate for Global Indemnity Group’s current full-year earnings is $2.68 per share. Zacks Research also issued estimates for Global Indemnity Group’s FY2027 earnings at $2.96 EPS.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $116.10 million for the quarter. Global Indemnity Group had a net margin of 7.50% and a return on equity of 5.57%.
View Our Latest Report on GBLI
Global Indemnity Group Trading Down 3.9%
NASDAQ:GBLI opened at $27.84 on Monday. Global Indemnity Group has a 12 month low of $24.28 and a 12 month high of $30.52. The firm has a fifty day simple moving average of $26.44 and a 200-day simple moving average of $27.44. The company has a market capitalization of $406.74 million, a P/E ratio of 11.85 and a beta of 0.41.
Global Indemnity Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were given a $0.35 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.40 dividend on an annualized basis and a yield of 5.0%. Global Indemnity Group’s dividend payout ratio is currently 59.57%.
Hedge Funds Weigh In On Global Indemnity Group
A number of institutional investors have recently bought and sold shares of the business. Clearstead Advisors LLC lifted its stake in Global Indemnity Group by 190.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 954 shares during the period. State of Wyoming increased its stake in shares of Global Indemnity Group by 23.8% in the fourth quarter. State of Wyoming now owns 4,898 shares of the insurance provider’s stock worth $139,000 after acquiring an additional 942 shares during the period. Franklin Street Advisors Inc. NC acquired a new stake in shares of Global Indemnity Group in the second quarter worth $368,000. Boston Partners raised its holdings in shares of Global Indemnity Group by 5.0% during the third quarter. Boston Partners now owns 137,170 shares of the insurance provider’s stock worth $3,985,000 after purchasing an additional 6,552 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Global Indemnity Group by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 299,626 shares of the insurance provider’s stock worth $8,704,000 after purchasing an additional 1,191 shares during the last quarter. 37.40% of the stock is owned by hedge funds and other institutional investors.
Global Indemnity Group Company Profile
Global Indemnity Group (NASDAQ: GBLI) is a specialty property and casualty insurance holding company headquartered in Princeton, New Jersey. Through its subsidiaries, the company focuses on underwriting commercial niche insurance products designed to meet the needs of small to mid-sized businesses and select specialty markets. Its approach centers on disciplined underwriting, customized policy structures and targeted distribution channels to address coverage gaps often underserved by standard carriers.
The company’s product portfolio encompasses surety and fidelity bonds, workers’ compensation, general liability, commercial auto, professional liability and environmental liability.
Further Reading
- Five stocks we like better than Global Indemnity Group
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Global Indemnity Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Indemnity Group and related companies with MarketBeat.com's FREE daily email newsletter.
