StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Free Report) in a report published on Thursday. The brokerage issued a buy rating on the insurance provider's stock.
Global Indemnity Group Price Performance
Shares of GBLI stock traded up $0.25 during trading hours on Thursday, reaching $36.25. 3,397 shares of the company traded hands, compared to its average volume of 4,329. The firm has a 50-day moving average price of $35.26 and a 200 day moving average price of $33.06. The company has a market cap of $496.19 million, a P/E ratio of 12.46 and a beta of 0.42. Global Indemnity Group has a 12-month low of $27.47 and a 12-month high of $37.00.
Global Indemnity Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were paid a $0.35 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.86%. Global Indemnity Group's dividend payout ratio (DPR) is presently 48.11%.
Global Indemnity Group Company Profile
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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.
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