Global Indemnity Group (GBLI) to Release Earnings on Wednesday

Global Indemnity Group (NASDAQ:GBLI) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings results on Wednesday, March 13th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.75. The business had revenue of $109.26 million during the quarter, compared to analysts’ expectations of $136.00 million. Global Indemnity Group had a net margin of 4.79% and a return on equity of 4.32%. On average, analysts expect Global Indemnity Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Global Indemnity Group Price Performance

Shares of GBLI opened at $32.31 on Monday. The company’s fifty day moving average price is $30.65 and its 200-day moving average price is $31.33. Global Indemnity Group has a 1-year low of $25.21 and a 1-year high of $37.00. The firm has a market capitalization of $438.77 million, a PE ratio of 17.66 and a beta of 0.46.

Global Indemnity Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Wednesday, March 20th. This is an increase from Global Indemnity Group’s previous quarterly dividend of $0.25. Global Indemnity Group’s payout ratio is presently 76.50%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Global Indemnity Group in a report on Monday, April 29th. They set a “buy” rating for the company.

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.