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

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

Global Indemnity Group Price Performance

GBLI stock opened at $35.65 on Wednesday. The company has a market cap of $487.98 million, a price-to-earnings ratio of 12.25 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. The company has a fifty day moving average price of $35.14 and a 200 day moving average price of $32.96.

Global Indemnity Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) is presently 48.11%.

Institutional Trading of Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Innealta Capital LLC acquired a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. 37.40% of the stock is owned by hedge funds and other institutional investors.

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.