6,433 Shares in Global Indemnity Group, LLC (NASDAQ:GBLI) Bought by Huber Capital Management LLC

Huber Capital Management LLC purchased a new position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 6,433 shares of the insurance provider’s stock, valued at approximately $232,000.

Separately, Boston Partners grew its stake in Global Indemnity Group by 34.9% during 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. 37.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Global Indemnity Group in a research report on Monday. They set a “buy” rating for the company.

Global Indemnity Group Stock Down 0.7 %

NASDAQ GBLI opened at $34.72 on Thursday. Global Indemnity Group, LLC has a 52 week low of $29.65 and a 52 week high of $37.00. The business has a 50 day moving average price of $35.33 and a 200-day moving average price of $34.91. The company has a market cap of $494.97 million, a price-to-earnings ratio of 11.93 and a beta of 0.46.

Global Indemnity Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Friday, March 21st. Global Indemnity Group’s dividend payout ratio (DPR) is 44.87%.

Insider Buying and Selling

In other Global Indemnity Group news, CEO Praveen Kotha Reddy acquired 1,500 shares of the business’s stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $35.96 per share, with a total value of $53,940.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $53,940. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 52.80% of the stock is currently owned by company insiders.

Global Indemnity Group 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.