Global Indemnity Group (NASDAQ:GBLI) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.01 and traded as high as $36.20. Global Indemnity Group shares last traded at $35.67, with a volume of 476 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Global Indemnity Group in a research note on Tuesday. They issued a "buy" rating on the stock.

Global Indemnity Group Price Performance

The company has a market cap of $485.86 million, a price-to-earnings ratio of 12.20 and a beta of 0.42. The business has a 50 day simple moving average of $35.67 and a 200 day simple moving average of $34.09.

Global Indemnity Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Tuesday, December 24th. Global Indemnity Group's dividend payout ratio is currently 48.11%.

Hedge Funds Weigh In On Global Indemnity Group

A number of institutional investors and hedge funds have recently bought and sold shares of GBLI. Cannell Capital LLC raised its position 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 worth $8,854,000 after acquiring an additional 46,167 shares during the last quarter. 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 acquiring an additional 26,893 shares during the last quarter. Finally, Huber Capital Management LLC bought a new stake in shares of Global Indemnity Group during the fourth quarter worth $232,000. Institutional investors and hedge funds own 37.40% of the company's stock.

Global Indemnity Group Company Profile

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.