Seth Gersch Buys 1,000 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI) Stock

Global Indemnity Group, LLC (NASDAQ:GBLIGet Rating) Director Seth Gersch purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The shares were purchased at an average cost of $26.96 per share, for a total transaction of $26,960.00. Following the purchase, the director now directly owns 166,471 shares in the company, valued at $4,488,058.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Global Indemnity Group stock traded up $0.14 during midday trading on Thursday, hitting $26.90. 8,715 shares of the stock were exchanged, compared to its average volume of 13,881. The firm has a market cap of $390.75 million, a P/E ratio of 46.95 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.40 and a quick ratio of 0.40. Global Indemnity Group, LLC has a 1 year low of $23.97 and a 1 year high of $31.98. The company has a 50 day moving average price of $26.14 and a two-hundred day moving average price of $26.08.

Global Indemnity Group (NASDAQ:GBLIGet Rating) last announced its quarterly earnings data on Monday, May 9th. The insurance provider reported $0.36 earnings per share for the quarter. The company had revenue of $130.46 million during the quarter. Global Indemnity Group had a net margin of 1.39% and a return on equity of 1.80%.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 21st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, March 18th. Global Indemnity Group’s dividend payout ratio is currently 175.44%.

A number of hedge funds have recently made changes to their positions in GBLI. Morgan Stanley grew its holdings in Global Indemnity Group by 56.8% during the 2nd quarter. Morgan Stanley now owns 13,893 shares of the insurance provider’s stock worth $375,000 after acquiring an additional 5,032 shares in the last quarter. Cannell Capital LLC acquired a new position in shares of Global Indemnity Group in the 3rd quarter valued at about $853,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Global Indemnity Group by 28.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider’s stock valued at $226,000 after buying an additional 2,000 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Global Indemnity Group by 6.4% in the 4th quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider’s stock valued at $1,974,000 after buying an additional 4,700 shares during the period. Finally, RBF Capital LLC acquired a new position in shares of Global Indemnity Group in the 1st quarter valued at about $533,000. 88.18% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on GBLI shares. TheStreet raised shares of Global Indemnity Group from a “c” rating to a “b-” rating in a research note on Friday, March 11th. StockNews.com started coverage on shares of Global Indemnity Group in a research note on Friday, May 13th. They set a “hold” rating on the stock.

Global Indemnity Group Company Profile (Get Rating)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.

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