Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a report released on Thursday. The brokerage issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 0.4 %

NASDAQ GBLI opened at $36.11 on Thursday. Global Indemnity Group has a twelve month low of $27.47 and a twelve month high of $37.00. The stock’s 50-day simple moving average is $35.35 and its two-hundred day simple moving average is $33.14. The company has a market capitalization of $494.27 million, a price-to-earnings ratio of 12.41 and a beta of 0.42.

Global Indemnity Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.88%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) is currently 48.11%.

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.