Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.77 and traded as high as $34.00. Global Indemnity Group shares last traded at $34.00, with a volume of 1,700 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Global Indemnity Group in a report on Tuesday. They issued a "buy" rating for the company.
Get Our Latest Stock Report on GBLI
Global Indemnity Group Trading Up 0.0 %
The firm has a fifty day moving average price of $32.57 and a 200 day moving average price of $31.80. The firm has a market cap of $462.67 million, a PE ratio of 13.71 and a beta of 0.43.
Global Indemnity Group (NASDAQ:GBLI - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.53 by $0.19. The firm had revenue of $108.69 million for the quarter, compared to analyst estimates of $114.00 million. Global Indemnity Group had a net margin of 7.66% and a return on equity of 5.79%. As a group, equities analysts predict that Global Indemnity Group, LLC will post 2.71 earnings per share for the current year.
Global Indemnity Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a $0.35 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 4.12%. Global Indemnity Group's dividend payout ratio is currently 56.45%.
Institutional Trading of Global Indemnity Group
Several institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in Global Indemnity Group during the 2nd quarter worth approximately $55,000. Harbor Capital Advisors Inc. increased its position in shares of Global Indemnity Group by 223.7% during the second quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider's stock worth $892,000 after acquiring an additional 19,830 shares during the period. Finally, Boston Partners acquired a new stake in shares of Global Indemnity Group in the first quarter valued at $2,488,000. Institutional investors and hedge funds own 37.40% of the company's stock.
Global Indemnity Group Company Profile
(
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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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