Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Free Report) in a research note issued to investors on Friday. The firm issued a buy rating on the insurance provider's stock.

Global Indemnity Group Price Performance

Shares of NASDAQ GBLI traded down $0.82 during mid-day trading on Friday, hitting $34.23. The company had a trading volume of 714 shares, compared to its average volume of 3,761. Global Indemnity Group has a 12 month low of $28.37 and a 12 month high of $37.00. The stock has a market cap of $468.54 million, a price-to-earnings ratio of 11.76 and a beta of 0.46. The firm's 50 day simple moving average is $35.32 and its two-hundred day simple moving average is $34.50.

Global Indemnity Group Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Friday, March 21st. Global Indemnity Group's dividend payout ratio (DPR) is 48.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GBLI. State of Wyoming lifted its holdings in Global Indemnity Group by 56.3% in 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 stake in shares of Global Indemnity Group in the 4th quarter worth approximately $232,000. Boston Partners boosted its holdings in shares of Global Indemnity Group by 34.9% in the fourth 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 in the last quarter. Finally, Cannell Capital LLC increased its stake in shares of Global Indemnity Group by 23.1% during the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider's stock valued at $8,854,000 after acquiring an additional 46,167 shares during the period. Institutional investors own 37.40% of the company's stock.

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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.