Global Indemnity Group (NASDAQ:GBLI) Share Price Passes Above 200 Day Moving Average of $30.66

Global Indemnity Group, LLC (NASDAQ:GBLI) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.66 and traded as high as $31.64. Global Indemnity Group shares last traded at $30.63, with a volume of 539 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Global Indemnity Group in a research note on Tuesday. They issued a “buy” rating on the stock.

Global Indemnity Group Trading Down 1.5 %

The business has a fifty day simple moving average of $31.39 and a 200 day simple moving average of $30.66. The stock has a market capitalization of $416.69 million, a P/E ratio of 12.35 and a beta of 0.45.

Global Indemnity Group (NASDAQ:GBLI) last released its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.17. Global Indemnity Group had a return on equity of 5.40% and a net margin of 6.98%. The business had revenue of $112.29 million during the quarter, compared to analyst estimates of $90.00 million. As a group, research analysts forecast that Global Indemnity Group, LLC will post 2.55 earnings per share for the current year.

Global Indemnity Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.57%. The ex-dividend date was Friday, June 21st. Global Indemnity Group’s dividend payout ratio (DPR) is presently 56.45%.

Institutional Trading of Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Boston Partners bought a new position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) during the first quarter, according to its most recent filing with the SEC. The fund bought 81,498 shares of the insurance provider’s stock, valued at approximately $2,488,000. Boston Partners owned 0.60% of Global Indemnity Group at the end of the most recent reporting period. 37.40% of the stock is currently owned by hedge funds and other institutional investors.

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.