Seth Gersch Acquires 3,000 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI) Stock

Global Indemnity Group, LLC (NASDAQ:GBLIGet Rating) Director Seth Gersch purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The stock was acquired at an average price of $26.66 per share, for a total transaction of $79,980.00. Following the completion of the purchase, the director now owns 174,471 shares of the company’s stock, valued at $4,651,396.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Seth Gersch also recently made the following trade(s):

  • On Tuesday, May 17th, Seth Gersch bought 1,000 shares of Global Indemnity Group stock. The shares were bought at an average price of $26.96 per share, for a total transaction of $26,960.00.

GBLI stock traded up $0.01 on Monday, hitting $26.51. 4,134 shares of the company were exchanged, compared to its average volume of 13,690. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $385.08 million, a price-to-earnings ratio of 46.49 and a beta of 0.22. Global Indemnity Group, LLC has a twelve month low of $23.97 and a twelve month high of $31.98. The business’s fifty day moving average is $26.16 and its two-hundred day moving average is $26.08.

Global Indemnity Group (NASDAQ:GBLIGet Rating) last issued its earnings results on Monday, May 9th. The insurance provider reported $0.36 earnings per share for the quarter. The firm had revenue of $130.46 million for the quarter. Global Indemnity Group had a return on equity of 1.80% and a net margin of 1.39%.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 18th. This represents a $1.00 annualized dividend and a yield of 3.77%. Global Indemnity Group’s payout ratio is 175.44%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in Global Indemnity Group by 56.8% during the 2nd quarter. Morgan Stanley now owns 13,893 shares of the insurance provider’s stock worth $375,000 after buying an additional 5,032 shares during the period. Cannell Capital LLC acquired a new position in Global Indemnity Group in the third quarter worth about $853,000. Cullen Frost Bankers Inc. grew its position in shares of Global Indemnity Group by 28.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider’s stock worth $226,000 after acquiring an additional 2,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Global Indemnity Group by 6.4% in the 4th quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider’s stock valued at $1,974,000 after acquiring an additional 4,700 shares during the last quarter. Finally, RBF Capital LLC acquired a new stake in shares of Global Indemnity Group during the first quarter worth $533,000. Institutional investors own 88.18% of the company’s stock.

Several equities research analysts have recently commented on GBLI shares. TheStreet raised Global Indemnity Group from a “c” rating to a “b-” rating in a research note on Friday, March 11th. initiated coverage on Global Indemnity Group in a research report on Saturday. They issued a “hold” rating on the stock.

Global Indemnity Group Company Profile (Get Rating)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.

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