Global Indemnity Group, LLC (NASDAQ:GBLI) CEO Purchases $53,940.00 in Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) CEO Praveen Kotha Reddy purchased 1,500 shares of the stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $35.96 per share, with a total value of $53,940.00. Following the acquisition, the chief executive officer now owns 1,500 shares in the company, valued at approximately $53,940. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Global Indemnity Group Stock Up 1.1 %

Global Indemnity Group stock traded up $0.38 during mid-day trading on Tuesday, hitting $35.94. 1,727 shares of the stock were exchanged, compared to its average volume of 3,943. Global Indemnity Group, LLC has a 12 month low of $28.37 and a 12 month high of $37.00. The firm’s fifty day simple moving average is $35.24 and its two-hundred day simple moving average is $34.65. The stock has a market capitalization of $491.93 million, a price-to-earnings ratio of 12.35 and a beta of 0.46.

Global Indemnity Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 21st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.90%. Global Indemnity Group’s dividend payout ratio is currently 44.87%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Global Indemnity Group in a report on Saturday. They set a “buy” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Wyoming boosted its stake in Global Indemnity Group by 56.3% during the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 685 shares in the last quarter. Huber Capital Management LLC bought a new position in Global Indemnity Group during the fourth quarter worth $232,000. Boston Partners boosted its stake in Global Indemnity Group by 34.9% during the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock worth $3,742,000 after acquiring an additional 26,893 shares in the last quarter. Finally, Cannell Capital LLC boosted its stake in Global Indemnity Group by 23.1% during the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock worth $8,854,000 after acquiring an additional 46,167 shares in the last quarter. Institutional investors and hedge funds 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.