Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $34.20 and traded as high as $35.00. Global Indemnity Group shares last traded at $35.47, with a volume of 2,520 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Global Indemnity Group in a report on Wednesday. They set a "buy" rating for the company.
Check Out Our Latest Stock Report on Global Indemnity Group
Global Indemnity Group Price Performance
The company has a fifty day simple moving average of $35.60 and a two-hundred day simple moving average of $34.26. The company has a market capitalization of $485.79 million, a P/E ratio of 12.19 and a beta of 0.42.
Global Indemnity Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, December 24th. This represents a $1.40 annualized dividend and a yield of 3.95%. Global Indemnity Group's dividend payout ratio (DPR) is currently 48.11%.
Hedge Funds Weigh In On Global Indemnity Group
Institutional investors have recently bought and sold shares of the stock. State of Wyoming raised its holdings in Global Indemnity Group by 56.3% during the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider's stock valued at $68,000 after buying an additional 685 shares in the last quarter. Huber Capital Management LLC bought a new position in Global Indemnity Group during the fourth quarter valued at about $232,000. Boston Partners raised its holdings in Global Indemnity Group by 34.9% during the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider's stock valued at $3,742,000 after buying an additional 26,893 shares in the last quarter. Finally, Cannell Capital LLC grew its position in shares of Global Indemnity Group by 23.1% in the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider's stock valued at $8,854,000 after purchasing an additional 46,167 shares during the last quarter. 37.40% of the stock is currently owned by 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.
Further Reading
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