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

Global Indemnity Group, LLC (NASDAQ:GBLI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.04 and traded as high as $36.39. Global Indemnity Group shares last traded at $36.00, with a volume of 1,041 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Global Indemnity Group in a research report on Thursday. They set a “buy” rating on the stock.

Global Indemnity Group Stock Down 0.7 %

The stock has a market cap of $492.77 million, a PE ratio of 12.37 and a beta of 0.42. The stock has a 50-day moving average of $35.26 and a 200 day moving average of $33.06.

Global Indemnity Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 dividend on an annualized basis and a yield of 3.89%. Global Indemnity Group’s payout ratio is 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.