StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Free Report) in a research report sent to investors on Thursday. 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 $0.97 on Thursday, reaching $34.38. 453 shares of the company's stock were exchanged, compared to its average volume of 3,042. The firm's 50-day moving average is $35.44 and its two-hundred day moving average is $34.36. The company has a market capitalization of $470.53 million, a P/E ratio of 11.81 and a beta of 0.42. Global Indemnity Group has a 52 week low of $28.37 and a 52 week high of $37.00.
Global Indemnity Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.07%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group's dividend payout ratio (DPR) is currently 48.11%.
Institutional Trading of Global Indemnity Group
Large investors have recently made changes to their positions in the company. State of Wyoming boosted its holdings in Global Indemnity Group by 56.3% in the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider's stock worth $68,000 after acquiring an additional 685 shares in the last quarter. Huber Capital Management LLC acquired a new position in shares of Global Indemnity Group during the fourth quarter worth approximately $232,000. Boston Partners lifted its holdings in shares of Global Indemnity Group by 34.9% in the 4th quarter. Boston Partners now owns 103,947 shares of the insurance provider's stock worth $3,742,000 after purchasing an additional 26,893 shares in the last quarter. Finally, Cannell Capital LLC grew its position in Global Indemnity Group by 23.1% in the 4th quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider's stock valued at $8,854,000 after purchasing an additional 46,167 shares during the period. 37.40% of the stock is currently owned by institutional investors and hedge funds.
About Global Indemnity Group
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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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