Global Indemnity Group (NASDAQ:GBLI) Share Price Passes Above 200-Day Moving Average of $24.29

Global Indemnity Group, LLC (NASDAQ:GBLIGet Rating)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.29 and traded as high as $26.97. Global Indemnity Group shares last traded at $26.50, with a volume of 36,514 shares.

Analysts Set New Price Targets

A number of analysts recently issued reports on GBLI shares. StockNews.com started coverage on Global Indemnity Group in a research report on Friday, December 23rd. They set a “buy” rating for the company. TheStreet raised Global Indemnity Group from a “c” rating to a “b-” rating in a research report on Tuesday, November 29th.

Global Indemnity Group Trading Down 1.8 %

The business has a fifty day moving average of $24.09 and a 200 day moving average of $24.29. The company has a market capitalization of $387.32 million, a PE ratio of 18.40 and a beta of 0.33.

Global Indemnity Group (NASDAQ:GBLIGet Rating) last announced its earnings results on Tuesday, November 8th. The insurance provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.10). Global Indemnity Group had a net margin of 3.32% and a return on equity of 3.62%. The firm had revenue of $194.58 million for the quarter, compared to analysts’ expectations of $188.00 million. Equities analysts forecast that Global Indemnity Group, LLC will post 0.33 EPS for the current fiscal year.

Global Indemnity Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 23rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, December 22nd. Global Indemnity Group’s dividend payout ratio (DPR) is 69.44%.

Insider Activity at Global Indemnity Group

In other news, Director Gary Charles Tolman bought 1,500 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was bought at an average cost of $23.60 per share, for a total transaction of $35,400.00. Following the acquisition, the director now directly owns 5,599 shares of the company’s stock, valued at approximately $132,136.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 95,249 shares of company stock worth $2,301,021 in the last three months. 44.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Global Indemnity Group

Several hedge funds and other institutional investors have recently made changes to their positions in GBLI. Renaissance Technologies LLC boosted its stake in shares of Global Indemnity Group by 7.1% in the 1st quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock valued at $2,195,000 after buying an additional 5,600 shares during the period. RBF Capital LLC purchased a new position in shares of Global Indemnity Group in the 1st quarter valued at about $533,000. Berkley W R Corp boosted its stake in shares of Global Indemnity Group by 53.2% in the 2nd quarter. Berkley W R Corp now owns 906,134 shares of the insurance provider’s stock valued at $23,442,000 after buying an additional 314,848 shares during the period. First Republic Investment Management Inc. purchased a new position in shares of Global Indemnity Group in the 2nd quarter valued at about $259,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Global Indemnity Group by 18.2% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the insurance provider’s stock valued at $287,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 45.83% of the company’s stock.

About Global Indemnity Group

(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.

Featured Stories

Receive News & Ratings for Global Indemnity Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Indemnity Group and related companies with MarketBeat.com's FREE daily email newsletter.