Boston Partners Raises Position in Global Indemnity Group, LLC (NASDAQ:GBLI)

Boston Partners grew its position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) by 34.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,947 shares of the insurance provider’s stock after buying an additional 26,893 shares during the quarter. Boston Partners owned 0.76% of Global Indemnity Group worth $3,742,000 as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Global Indemnity Group in a research note on Saturday, March 15th. They set a “buy” rating on the stock.

Global Indemnity Group Stock Performance

NASDAQ GBLI opened at $36.04 on Friday. Global Indemnity Group, LLC has a one year low of $28.62 and a one year high of $37.00. The stock has a 50-day moving average of $35.25 and a 200 day moving average of $34.72. The company has a market capitalization of $493.25 million, a price-to-earnings ratio of 12.38 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 issued a dividend of $0.35 per share. The ex-dividend date is Friday, March 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.89%. Global Indemnity Group’s payout ratio is 44.87%.

Insider Activity at Global Indemnity Group

In other news, CEO Praveen Kotha Reddy acquired 1,500 shares of Global Indemnity Group stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of $35.96 per share, for a total transaction of $53,940.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $53,940. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 52.80% of the stock is owned by insiders.

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.