Boston Partners raised its position in Global Indemnity Group, LLC (NASDAQ:GBLI - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,947 shares of the insurance provider's stock after purchasing an additional 26,893 shares during the period. Boston Partners owned about 0.76% of Global Indemnity Group worth $3,742,000 at the end of the most recent reporting period.
Insider Buying and Selling 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 on Friday, March 14th. The shares were bought at an average cost of $35.96 per share, for a total transaction of $53,940.00. Following the acquisition, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at $53,940. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 52.80% of the stock is owned by corporate insiders.
Global Indemnity Group Stock Performance
Global Indemnity Group stock traded up $0.12 during trading on Wednesday, reaching $36.12. 419 shares of the company's stock were exchanged, compared to its average volume of 3,644. Global Indemnity Group, LLC has a 52-week low of $28.62 and a 52-week high of $37.00. The firm has a market cap of $515.00 million, a price-to-earnings ratio of 12.41 and a beta of 0.46. The company's 50-day moving average is $35.33 and its two-hundred day moving average is $34.82.
Global Indemnity Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 21st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Friday, March 21st. Global Indemnity Group's dividend payout ratio is presently 44.87%.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Global Indemnity Group in a research report on Sunday. They issued a "buy" rating on the stock.
Read Our Latest Stock Report on Global Indemnity Group
Global Indemnity Group Profile
(
Free Report)
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.
Featured Articles
Before you consider Global Indemnity Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Indemnity Group wasn't on the list.
While Global Indemnity Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
