Global Indemnity Group, LLC $GBLI Stock: State of Wyoming Grows Position

State of Wyoming boosted its position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) by 600.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,958 shares of the insurance provider’s stock after buying an additional 23,965 shares during the period. State of Wyoming owned 0.19% of Global Indemnity Group worth $676,000 as of its most recent SEC filing.

Separately, Franklin Street Advisors Inc. NC acquired a new stake in shares of Global Indemnity Group in the second quarter valued at approximately $368,000. 37.40% of the stock is owned by institutional investors.

Global Indemnity Group Stock Up 1.8%

Shares of GBLI stock opened at $24.91 on Monday. The stock has a market capitalization of $363.92 million, a PE ratio of 10.60 and a beta of 0.52. Global Indemnity Group, LLC has a 52-week low of $22.83 and a 52-week high of $30.50. The stock’s 50-day moving average price is $26.14 and its 200 day moving average price is $27.16.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Global Indemnity Group had a return on equity of 5.56% and a net margin of 7.50%. The company had revenue of $116.10 million for the quarter. Analysts expect that Global Indemnity Group, LLC will post 2.68 earnings per share for the current fiscal year.

Global Indemnity Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Friday, September 18th. Global Indemnity Group’s payout ratio is currently 59.57%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Global Indemnity Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Global Indemnity Group Profile

Global Indemnity Group, LLC (NASDAQ: GBLI) is an insurance holding company that provides specialty property and casualty insurance and reinsurance products. Its business is focused on risks that may require specialized underwriting expertise, including commercial, professional and personal insurance exposures.

Through its operating subsidiaries, the company offers products in areas such as excess and surplus lines, commercial property and casualty coverage, specialty personal lines, and other niche insurance markets.