StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Free Report) in a research report sent to investors on Monday. The firm issued a buy rating on the insurance provider's stock.
Global Indemnity Group Stock Performance
Shares of Global Indemnity Group stock traded up $0.01 on Monday, hitting $36.01. 10,426 shares of the company's stock were exchanged, compared to its average volume of 4,335. Global Indemnity Group has a 1 year low of $27.47 and a 1 year high of $37.00. The company has a 50-day simple moving average of $34.43 and a 200-day simple moving average of $32.48. The stock has a market capitalization of $492.90 million, a PE ratio of 12.58 and a beta of 0.42.
Global Indemnity Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, December 24th. Global Indemnity Group's payout ratio is 48.11%.
Institutional Investors Weigh In On Global Indemnity Group
An institutional investor recently bought a new position 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 13F filing with the Securities and Exchange Commission (SEC). The fund 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.
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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