Ameriprise Financial Inc. Sells 502 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI)

Ameriprise Financial Inc. reduced its holdings in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 282,370 shares of the insurance provider’s stock after selling 502 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.06% of Global Indemnity Group worth $10,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GBLI. Boston Partners raised its stake in Global Indemnity Group by 34.9% in the 4th quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock valued at $3,742,000 after acquiring an additional 26,893 shares during the period. Cannell Capital LLC increased its holdings in shares of Global Indemnity Group by 23.1% in the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock valued at $8,854,000 after purchasing an additional 46,167 shares during the last quarter. Finally, Huber Capital Management LLC bought a new position in shares of Global Indemnity Group in the fourth quarter valued at about $232,000. 37.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Global Indemnity Group in a report on Sunday. They set a “buy” rating for the company.

Global Indemnity Group Stock Up 3.6%

Shares of NASDAQ:GBLI opened at $31.08 on Tuesday. The stock has a market cap of $443.14 million, a PE ratio of 10.68 and a beta of 0.39. Global Indemnity Group, LLC has a 12-month low of $26.94 and a 12-month high of $37.00. The business has a 50 day moving average of $31.37 and a 200-day moving average of $33.97.

Global Indemnity Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.50%. The ex-dividend date was Friday, March 21st. Global Indemnity Group’s dividend payout ratio (DPR) is 70.00%.

Insiders Place Their Bets

In other Global Indemnity Group news, CEO Praveen Kotha Reddy bought 1,500 shares of the stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $35.96 per share, with a total value of $53,940.00. Following the completion of the acquisition, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $53,940. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Saul A. Fox purchased 11,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average price of $29.19 per share, with a total value of $332,766.00. Following the completion of the purchase, the director now owns 1,796,285 shares of the company’s stock, valued at $52,433,559.15. This trade represents a 0.64% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 40,300 shares of company stock worth $1,207,900 in the last quarter. 52.50% of the stock is currently owned by corporate 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.