Global Indemnity Group (NASDAQ:GBLI) Research Coverage Started at StockNews.com

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

Global Indemnity Group Stock Performance

Shares of GBLI stock opened at $36.50 on Monday. The stock has a 50 day simple moving average of $34.62 and a 200-day simple moving average of $32.58. The company has a market cap of $499.61 million, a price-to-earnings ratio of 12.54 and a beta of 0.42. Global Indemnity Group has a 12-month low of $27.47 and a 12-month high of $37.00.

Global Indemnity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) is currently 48.11%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Indemnity Group stock. Innealta Capital LLC purchased a new position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. Hedge funds and other institutional investors own 37.40% of the company’s stock.

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.