Praveen Kotha Reddy Buys 1,500 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI) Stock

Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) CEO Praveen Kotha Reddy acquired 1,500 shares of the stock in a transaction dated Friday, March 14th. The stock was purchased at an average cost of $35.96 per share, with a total value of $53,940.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Global Indemnity Group Stock Performance

Shares of Global Indemnity Group stock traded down $0.62 on Friday, hitting $36.04. The stock had a trading volume of 3,583 shares, compared to its average volume of 3,787. The stock has a 50 day moving average of $35.25 and a 200 day moving average of $34.72. Global Indemnity Group, LLC has a twelve month low of $28.62 and a twelve month high of $37.00. The firm has a market capitalization of $493.25 million, a P/E ratio of 12.38 and a beta of 0.46.

Global Indemnity Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.89%. The ex-dividend date is Friday, March 21st. Global Indemnity Group's payout ratio is presently 44.87%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Global Indemnity Group in a research note on Saturday, March 15th. They issued a "buy" rating for the company.

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Institutional Trading of Global Indemnity Group

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming raised its position in shares of Global Indemnity Group by 56.3% during the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider's stock worth $68,000 after purchasing an additional 685 shares during the period. Huber Capital Management LLC acquired a new position in shares of Global Indemnity Group during the fourth quarter worth approximately $232,000. Boston Partners raised its position in shares of Global Indemnity Group by 34.9% during the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider's stock worth $3,742,000 after purchasing an additional 26,893 shares during the period. Finally, Cannell Capital LLC raised its position in Global Indemnity Group by 23.1% in the 4th quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider's stock valued at $8,854,000 after buying an additional 46,167 shares during the last quarter. 37.40% of the stock is currently owned by institutional investors.

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.