Free Trial

Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

Global Indemnity Group logo with Finance background

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Free Report) in a research report released on Wednesday morning. The brokerage issued a buy rating on the insurance provider's stock.

Global Indemnity Group Trading Down 0.1 %

Shares of NASDAQ:GBLI traded down $0.05 on Wednesday, hitting $33.91. The company had a trading volume of 714 shares, compared to its average volume of 4,212. The stock has a market cap of $461.31 million, a price-to-earnings ratio of 13.35 and a beta of 0.43. The stock has a 50 day moving average price of $32.92 and a 200 day moving average price of $31.88. Global Indemnity Group has a 1-year low of $26.50 and a 1-year high of $35.19.

Global Indemnity Group (NASDAQ:GBLI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.19. The business 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%. Sell-side analysts anticipate that Global Indemnity Group will post 2.71 earnings per share for the current fiscal year.

Global Indemnity Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a $0.35 dividend. 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 presently 55.12%.

Hedge Funds Weigh In On Global Indemnity Group

Hedge funds have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in shares of Global Indemnity Group during the second quarter worth approximately $55,000. Harbor Capital Advisors Inc. raised its holdings in 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. Finally, Boston Partners bought a new stake in shares of Global Indemnity Group during the 1st quarter valued at $2,488,000. 37.40% of the stock is 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.

Read More

Should you invest $1,000 in Global Indemnity Group right now?

Before you consider Global Indemnity Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Indemnity Group wasn't on the list.

While Global Indemnity Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Revolutionizing Logistics: Dot Ai Corporation CEO Ed Nabrotzky Talks IPO and Innovations
Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar
Top 3 Stocks Under $20 with Strong Buy Ratings and Growth Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines