Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

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

Global Indemnity Group Stock Down 0.2 %

Shares of GBLI opened at $35.91 on Tuesday. The company has a market cap of $491.62 million, a price-to-earnings ratio of 12.34 and a beta of 0.42. Global Indemnity Group has a twelve month low of $27.47 and a twelve month high of $37.00. The company has a 50 day moving average of $35.68 and a two-hundred day moving average of $34.06.

Global Indemnity Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $1.40 annualized dividend and a dividend yield of 3.90%. Global Indemnity Group’s payout ratio is currently 48.11%.

Institutional Investors Weigh In On Global Indemnity Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Huber Capital Management LLC acquired a new stake in shares of Global Indemnity Group during the fourth quarter worth $232,000. Boston Partners increased its holdings in Global Indemnity Group by 34.9% in the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock valued at $3,742,000 after buying an additional 26,893 shares in the last quarter. Finally, Cannell Capital LLC increased its holdings in Global Indemnity Group by 23.1% in the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock valued at $8,854,000 after buying an additional 46,167 shares in the last quarter. 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.