Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report sent to investors on Thursday. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Price Performance

NASDAQ:GBLI opened at $36.11 on Thursday. The firm’s fifty day moving average price is $35.35 and its two-hundred day moving average price is $33.14. The company has a market cap of $494.27 million, a P/E ratio of 12.41 and a beta of 0.42. Global Indemnity Group has a one year low of $27.47 and a one year high of $37.00.

Global Indemnity Group Dividend Announcement

The business also recently announced 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. This represents a $1.40 annualized dividend and a yield of 3.88%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio is currently 48.11%.

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.