Global Indemnity Group (NASDAQ:GBLI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLIGet Rating) in a research note published on Friday. The brokerage issued a hold rating on the insurance provider’s stock.

Separately, TheStreet raised shares of Global Indemnity Group from a c rating to a b- rating in a research report on Friday, March 11th.

GBLI traded down $0.03 during trading on Friday, hitting $26.07. The company had a trading volume of 103,848 shares, compared to its average volume of 6,721. The company has a market capitalization of $378.83 million, a PE ratio of 31.71 and a beta of 0.22. Global Indemnity Group has a one year low of $23.97 and a one year high of $31.98. The firm’s 50-day moving average price is $26.12 and its 200 day moving average price is $26.06. The company has a quick ratio of 0.28, a current ratio of 0.40 and a debt-to-equity ratio of 0.19.

Global Indemnity Group (NASDAQ:GBLIGet Rating) last issued its quarterly earnings results on Monday, May 9th. The insurance provider reported $0.36 EPS for the quarter. Global Indemnity Group had a net margin of 1.39% and a return on equity of 1.80%. The firm had revenue of $130.46 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 18th. This represents a $1.00 annualized dividend and a yield of 3.84%. Global Indemnity Group’s dividend payout ratio (DPR) is presently 175.44%.

A number of large investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. raised its holdings in shares of Global Indemnity Group by 28.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 2,000 shares during the period. Cannell Capital LLC bought a new stake in shares of Global Indemnity Group in the 3rd quarter valued at about $853,000. Renaissance Technologies LLC raised its holdings in shares of Global Indemnity Group by 7.1% in the 1st quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock valued at $2,195,000 after purchasing an additional 5,600 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Global Indemnity Group by 56.8% in the 2nd quarter. Morgan Stanley now owns 13,893 shares of the insurance provider’s stock valued at $375,000 after purchasing an additional 5,032 shares during the period. 88.18% of the stock is currently owned by hedge funds and other institutional investors.

Global Indemnity Group Company Profile (Get Rating)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.

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