Global Indemnity Group (NASDAQ:GBLI) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Global Indemnity Group, LLC (NASDAQ:GBLI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.43 and traded as high as $35.49. Global Indemnity Group shares last traded at $34.74, with a volume of 2,302 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Global Indemnity Group in a research note on Saturday. They set a “buy” rating for the company.

Global Indemnity Group Stock Down 1.3 %

The stock has a 50-day moving average price of $35.58 and a 200 day moving average price of $33.45. The firm has a market capitalization of $475.58 million, a price-to-earnings ratio of 9.57 and a beta of 0.42.

Global Indemnity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $1.40 annualized dividend and a dividend yield of 4.03%. Global Indemnity Group’s dividend payout ratio (DPR) is currently 48.11%.

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.