Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $34.59 and traded as high as $36.04. Global Indemnity Group shares last traded at $35.68, with a volume of 20,351 shares traded.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Global Indemnity Group in a research note on Saturday. They issued a "buy" rating for the company.
Read Our Latest Stock Report on Global Indemnity Group
Global Indemnity Group Stock Performance
The company's 50-day moving average is $35.24 and its 200 day moving average is $34.65. The company has a market capitalization of $491.93 million, a PE ratio of 12.35 and a beta of 0.46.
Global Indemnity Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.90%. The ex-dividend date is Friday, March 21st. Global Indemnity Group's dividend payout ratio (DPR) is 44.87%.
Insider Activity at Global Indemnity Group
In related news, CEO Praveen Kotha Reddy purchased 1,500 shares of the company's stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of $35.96 per share, with a total value of $53,940.00. Following the acquisition, the chief executive officer now directly owns 1,500 shares in the company, valued at $53,940. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 52.80% of the stock is currently owned by insiders.
Institutional Trading of Global Indemnity Group
A number of institutional investors have recently made changes to their positions in the stock. Cannell Capital LLC boosted its holdings 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 acquiring an additional 46,167 shares during the last quarter. Boston Partners boosted its holdings in shares of Global Indemnity Group by 34.9% during 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 last quarter. Huber Capital Management LLC purchased a new stake in shares of Global Indemnity Group during the 4th quarter valued at about $232,000. Finally, State of Wyoming boosted its holdings in shares of Global Indemnity Group by 56.3% during the 4th quarter. State of Wyoming now owns 1,901 shares of the insurance provider's stock valued at $68,000 after acquiring an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 37.40% of the company's stock.
Global Indemnity Group Company Profile
(
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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