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

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

Global Indemnity Group Stock Down 1.4 %

Shares of GBLI stock opened at $35.47 on Tuesday. The firm has a market capitalization of $485.51 million, a price-to-earnings ratio of 12.19 and a beta of 0.42. The stock has a fifty day moving average of $35.70 and a 200 day moving average of $34.04. Global Indemnity Group has a 52 week low of $27.47 and a 52 week high of $37.00.

Global Indemnity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio is currently 48.11%.

Hedge Funds Weigh In On Global Indemnity Group

An institutional investor recently raised its position in Global Indemnity Group stock. Boston Partners increased its holdings in Global Indemnity Group, LLC (NASDAQ:GBLI) by 34.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 103,947 shares of the insurance provider’s stock after buying an additional 26,893 shares during the quarter. Boston Partners owned about 0.76% of Global Indemnity Group worth $3,742,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 37.40% of the company’s stock.

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.