Advisory Services Network LLC bought a new position in shares of Global Indemnity Ltd (NASDAQ:GBLI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,911 shares of the insurance provider’s stock, valued at approximately $323,000. Advisory Services Network LLC owned approximately 0.08% of Global Indemnity as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of GBLI. Russell Investments Group Ltd. bought a new stake in Global Indemnity in the fourth quarter worth about $457,000. California Public Employees Retirement System bought a new position in shares of Global Indemnity during the 4th quarter valued at approximately $242,000. Millennium Management LLC purchased a new stake in shares of Global Indemnity during the 3rd quarter worth approximately $486,000. Barclays PLC increased its stake in shares of Global Indemnity by 25.8% during the 3rd quarter. Barclays PLC now owns 6,851 shares of the insurance provider’s stock worth $171,000 after purchasing an additional 1,403 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Global Indemnity by 1.7% in the 3rd quarter. State Street Corp now owns 174,342 shares of the insurance provider’s stock worth $4,397,000 after purchasing an additional 2,959 shares during the period. Institutional investors and hedge funds own 55.41% of the company’s stock.
Shares of GBLI opened at $32.06 on Friday. Global Indemnity Ltd has a fifty-two week low of $24.01 and a fifty-two week high of $40.98. The business has a 50-day moving average of $30.78 and a 200 day moving average of $27.61. The firm has a market cap of $460.56 million, a P/E ratio of -13.82 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.29 and a current ratio of 0.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.12%. The ex-dividend date is Monday, March 23rd.
Several equities analysts have weighed in on the company. BidaskClub raised Global Indemnity from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. ValuEngine lowered Global Indemnity from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.
Global Indemnity Company Profile
Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States and internationally. The company operates through three segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Commercial Lines segment distributes property, general liability, casualty, and professional lines products, as well as products for vacant, and under construction and renovation dwellings.
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