Cove Street Capital LLC Decreases Stock Holdings in Global Indemnity Group, LLC (NASDAQ:GBLI)

Cove Street Capital LLC cut its holdings in Global Indemnity Group, LLC (NASDAQ:GBLI - Free Report) by 33.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,555 shares of the insurance provider's stock after selling 22,313 shares during the period. Global Indemnity Group accounts for 1.9% of Cove Street Capital LLC's portfolio, making the stock its 25th largest holding. Cove Street Capital LLC owned 0.33% of Global Indemnity Group worth $1,604,000 as of its most recent SEC filing.

Separately, Boston Partners grew its stake in shares of Global Indemnity Group by 34.9% during the 4th quarter. Boston Partners now owns 103,947 shares of the insurance provider's stock valued at $3,742,000 after acquiring an additional 26,893 shares during the period. Institutional investors own 37.40% of the company's stock.

Global Indemnity Group Trading Down 1.2 %

Shares of GBLI traded down $0.40 during trading hours on Thursday, reaching $34.00. 4,542 shares of the stock traded hands, compared to its average volume of 3,581. The company has a market cap of $484.77 million, a P/E ratio of 11.68 and a beta of 0.46. The company's 50-day moving average price is $35.33 and its two-hundred day moving average price is $34.91. Global Indemnity Group, LLC has a 52-week low of $29.65 and a 52-week high of $37.00.

Global Indemnity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.40 dividend on an annualized basis and a yield of 4.12%. Global Indemnity Group's dividend payout ratio is presently 44.87%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Global Indemnity Group in a research note on Monday. They set a "buy" rating on the stock.

Insiders Place Their Bets

In related news, CEO Praveen Kotha Reddy bought 1,500 shares of the stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of $35.96 per share, with a total value of $53,940.00. Following the completion of the acquisition, the chief executive officer now owns 1,500 shares of the company's stock, valued at $53,940. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 52.80% of the stock is currently owned by corporate insiders.

About Global Indemnity Group

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.