Global Indemnity Group (NASDAQ:GBLI) Shares Cross Above 200-Day Moving Average – Time to Sell?

Global Indemnity Group, LLC (NASDAQ:GBLI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.71 and traded as high as $29.30. Global Indemnity Group shares last traded at $29.30, with a volume of 17,305 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Indemnity Group in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Global Indemnity Group Stock Up 2.8%

The stock’s 50 day moving average price is $28.51 and its 200-day moving average price is $28.71. The stock has a market capitalization of $419.58 million, a PE ratio of 15.26 and a beta of 0.41.

Global Indemnity Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 20th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.8%. Global Indemnity Group’s dividend payout ratio (DPR) is 72.92%.

Institutional Trading of Global Indemnity Group

Several institutional investors and hedge funds have recently modified their holdings of GBLI. Clearstead Advisors LLC grew its stake in Global Indemnity Group by 190.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 954 shares in the last quarter. State of Wyoming raised its position in Global Indemnity Group by 23.8% during the 4th quarter. State of Wyoming now owns 4,898 shares of the insurance provider’s stock valued at $139,000 after purchasing an additional 942 shares in the last quarter. Flagship Capital Management Inc. purchased a new stake in shares of Global Indemnity Group in the 4th quarter worth $241,000. Maryland Capital Advisors Inc. purchased a new stake in shares of Global Indemnity Group in the 4th quarter worth $330,000. Finally, Cove Street Capital LLC grew its position in shares of Global Indemnity Group by 5.6% during the 3rd quarter. Cove Street Capital LLC now owns 18,746 shares of the insurance provider’s stock worth $545,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 37.40% of the company’s stock.

Global Indemnity Group Company Profile

Global Indemnity Group (NASDAQ: GBLI) is a specialty property and casualty insurance holding company headquartered in Princeton, New Jersey. Through its subsidiaries, the company focuses on underwriting commercial niche insurance products designed to meet the needs of small to mid-sized businesses and select specialty markets. Its approach centers on disciplined underwriting, customized policy structures and targeted distribution channels to address coverage gaps often underserved by standard carriers.

The company’s product portfolio encompasses surety and fidelity bonds, workers’ compensation, general liability, commercial auto, professional liability and environmental liability.