Global Indemnity Group (NASDAQ:GBLI) Coverage Initiated at StockNews.com

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

Global Indemnity Group Stock Performance

Shares of Global Indemnity Group stock traded down $0.40 during trading on Friday, reaching $35.60. The company's stock had a trading volume of 2,382 shares, compared to its average volume of 3,664. Global Indemnity Group has a one year low of $27.47 and a one year high of $37.00. The firm has a market cap of $487.29 million, a price-to-earnings ratio of 12.23 and a beta of 0.42. The business's fifty day moving average price is $35.55 and its 200-day moving average price is $33.27.

Global Indemnity Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Tuesday, December 24th. Global Indemnity Group's payout ratio is presently 48.11%.

Global Indemnity Group Company Profile

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.