Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.88 and traded as high as $34.00. Global Indemnity Group shares last traded at $33.96, with a volume of 1,491 shares traded.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Global Indemnity Group in a research report on Wednesday. They issued a "buy" rating on the stock.
Check Out Our Latest Stock Report on GBLI
Global Indemnity Group Stock Down 0.1 %
The company has a market capitalization of $461.31 million, a price-to-earnings ratio of 13.35 and a beta of 0.43. The stock's 50-day moving average price is $32.95 and its 200-day moving average price is $31.89.
Global Indemnity Group (NASDAQ:GBLI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.19. The business had revenue of $108.69 million during the quarter, compared to analysts' expectations of $114.00 million. Global Indemnity Group had a return on equity of 5.79% and a net margin of 7.66%. On average, equities research analysts anticipate that Global Indemnity Group, LLC will post 2.71 EPS for the current year.
Global Indemnity Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, September 30th. This represents a $1.40 annualized dividend and a yield of 4.13%. Global Indemnity Group's dividend payout ratio (DPR) is currently 55.12%.
Institutional Trading of Global Indemnity Group
A number of institutional investors have recently modified their holdings of GBLI. Harbor Capital Advisors Inc. grew its holdings in shares of Global Indemnity Group by 223.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider's stock valued at $892,000 after acquiring an additional 19,830 shares in the last quarter. Boston Partners acquired a new position in shares of Global Indemnity Group during the 1st quarter worth approximately $2,488,000. Finally, Innealta Capital LLC bought a new stake in shares of Global Indemnity Group during the 2nd quarter worth approximately $55,000. 37.40% of the stock is currently owned by institutional investors.
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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