Shares of Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) saw an uptick in trading volume on Tuesday . 2,803 shares changed hands during trading, a decline of 24% from the previous session's volume of 3,676 shares.The stock last traded at $36.11 and had previously closed at $36.00.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Global Indemnity Group in a research note on Sunday, March 23rd. They issued a "buy" rating for the company.
View Our Latest Stock Report on Global Indemnity Group
Global Indemnity Group Trading Down 1.1 %
The firm has a market capitalization of $490.48 million, a P/E ratio of 11.82 and a beta of 0.46. The stock's 50-day simple moving average is $35.38 and its 200-day simple moving average is $34.85.
Global Indemnity Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, March 21st. Global Indemnity Group's payout ratio is 44.87%.
Insider Buying and Selling
In related news, CEO Praveen Kotha Reddy purchased 1,500 shares of Global Indemnity Group stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of $35.96 per share, for a total transaction of $53,940.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $53,940. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 52.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBLI. State of Wyoming lifted its stake 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 valued at $68,000 after purchasing an additional 685 shares during the last quarter. Cannell Capital LLC lifted its position in shares of Global Indemnity Group by 23.1% during 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. Huber Capital Management LLC purchased a new stake in Global Indemnity Group in the 4th quarter worth about $232,000. Finally, Boston Partners raised its stake in Global Indemnity Group by 34.9% in 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. 37.40% of the stock is currently owned by hedge funds and other institutional investors.
About Global Indemnity Group
(
Get 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.
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