Praveen Kotha Reddy Acquires 1,500 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI) Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) CEO Praveen Kotha Reddy purchased 1,500 shares of the stock in a transaction on Friday, March 14th. The shares were bought at an average price of $35.96 per share, for a total transaction of $53,940.00. Following the acquisition, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $53,940. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Global Indemnity Group Trading Up 0.7 %

Shares of Global Indemnity Group stock opened at $35.94 on Wednesday. The company’s fifty day simple moving average is $35.24 and its 200-day simple moving average is $34.68. The company has a market cap of $491.93 million, a price-to-earnings ratio of 12.35 and a beta of 0.46. Global Indemnity Group, LLC has a 1 year low of $28.37 and a 1 year high of $37.00.

Global Indemnity Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.40 annualized dividend and a yield of 3.90%. Global Indemnity Group’s dividend payout ratio (DPR) is currently 44.87%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GBLI. Cannell Capital LLC lifted its position in Global Indemnity Group by 23.1% in the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock worth $8,854,000 after purchasing an additional 46,167 shares during the period. Boston Partners lifted its position in Global Indemnity Group by 34.9% in the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock worth $3,742,000 after purchasing an additional 26,893 shares during the period. Huber Capital Management LLC bought a new position in Global Indemnity Group in the fourth quarter worth $232,000. Finally, State of Wyoming lifted its position in Global Indemnity Group by 56.3% in the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 685 shares during the period. 37.40% of the stock is owned by institutional investors.

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.