Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.69 and traded as high as $36.18. Global Indemnity Group shares last traded at $35.37, with a volume of 5,350 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Global Indemnity Group in a report on Tuesday. They set a "buy" rating on the stock.
View Our Latest Report on GBLI
Global Indemnity Group Stock Performance
The company has a market capitalization of $495.12 million, a P/E ratio of 12.43 and a beta of 0.42. The stock's fifty day moving average price is $34.83 and its 200-day moving average price is $32.72.
Global Indemnity Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 24th. This represents a $1.40 annualized dividend and a dividend yield of 3.87%. Global Indemnity Group's dividend payout ratio is currently 48.11%.
Institutional Investors Weigh In On Global Indemnity Group
A hedge fund recently bought a new stake in Global Indemnity Group stock. Innealta Capital LLC acquired a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,768 shares of the insurance provider's stock, valued at approximately $55,000. 37.40% of the stock is 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.
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