StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a research note issued to investors on Tuesday morning. The brokerage issued a buy rating on the insurance provider’s stock.
Global Indemnity Group Price Performance
NASDAQ GBLI opened at $32.50 on Tuesday. The company has a fifty day moving average of $31.09 and a two-hundred day moving average of $30.84. The company has a market capitalization of $442.00 million, a PE ratio of 13.10 and a beta of 0.44. Global Indemnity Group has a 1 year low of $26.50 and a 1 year high of $37.00.
Global Indemnity Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were paid a dividend of $0.35 per share. The ex-dividend date was Friday, June 21st. This represents a $1.40 dividend on an annualized basis and a yield of 4.31%. Global Indemnity Group’s dividend payout ratio is presently 56.45%.
Institutional Investors Weigh In On Global Indemnity Group
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.
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