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Global Indemnity Group (NASDAQ:GBLI) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Global Indemnity Group logo with Finance background

Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $33.04 and traded as high as $36.39. Global Indemnity Group shares last traded at $36.00, with a volume of 1,041 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Global Indemnity Group in a research note on Thursday. They issued a "buy" rating on the stock.

Check Out Our Latest Stock Report on Global Indemnity Group

Global Indemnity Group Price Performance

The business's 50 day simple moving average is $35.31 and its 200 day simple moving average is $33.08. The company has a market capitalization of $496.19 million, a PE ratio of 12.46 and a beta of 0.42.

Global Indemnity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, December 24th. This represents a $1.40 dividend on an annualized basis and a yield of 3.86%. Global Indemnity Group's dividend payout ratio (DPR) is presently 48.11%.

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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