Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note published on Tuesday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 1.0 %

Shares of NASDAQ:GBLI opened at $32.01 on Tuesday. Global Indemnity Group has a fifty-two week low of $25.21 and a fifty-two week high of $37.00. The firm’s 50 day moving average price is $30.75 and its 200 day moving average price is $31.29. The stock has a market cap of $434.70 million, a price-to-earnings ratio of 17.49 and a beta of 0.46.

Global Indemnity Group (NASDAQ:GBLI) last announced its quarterly earnings data on Wednesday, March 13th. The insurance provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.75. The company had revenue of $109.26 million for the quarter, compared to the consensus estimate of $136.00 million. Global Indemnity Group had a net margin of 4.79% and a return on equity of 4.32%. On average, equities analysts anticipate that Global Indemnity Group will post 2.43 EPS for the current year.

Global Indemnity Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.37%. This is an increase from Global Indemnity Group’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, March 20th. Global Indemnity Group’s payout ratio is 76.50%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Indemnity Group stock. Cannell Capital LLC purchased a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 110,486 shares of the insurance provider’s stock, valued at approximately $3,562,000. Cannell Capital LLC owned approximately 0.82% of Global Indemnity Group as of its most recent SEC filing. 37.40% of the stock is currently owned by institutional investors and hedge funds.

About Global Indemnity Group

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.