Global Indemnity Group (NASDAQ:GBLI) Now Covered by StockNews.com

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report released on Sunday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Price Performance

Shares of NASDAQ:GBLI opened at $31.36 on Friday. Global Indemnity Group has a 1 year low of $25.21 and a 1 year high of $37.00. The company has a market cap of $425.87 million, a PE ratio of 17.14 and a beta of 0.47. The stock’s 50-day moving average is $30.10 and its 200 day moving average is $31.56.

Global Indemnity Group (NASDAQ:GBLI) last announced its quarterly earnings results on Wednesday, March 13th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.75. Global Indemnity Group had a return on equity of 4.32% and a net margin of 4.79%. The company had revenue of $109.26 million for the quarter, compared to the consensus estimate of $136.00 million. Analysts expect that Global Indemnity Group will post 2.43 EPS for the current fiscal year.

Global Indemnity Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Wednesday, March 20th. This is an increase from Global Indemnity Group’s previous quarterly dividend of $0.25. Global Indemnity Group’s payout ratio is currently 76.50%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global Indemnity Group stock. Ellsworth Advisors LLC acquired a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 11,798 shares of the insurance provider’s stock, valued at approximately $393,000. Ellsworth Advisors LLC owned approximately 0.09% of Global Indemnity Group as of its most recent filing with the SEC. 37.40% of the stock is owned by institutional investors and hedge funds.

Global Indemnity Group Company Profile

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.