Boston Partners Purchases 26,886 Shares of Global Indemnity Group, LLC $GBLI

Key Points

• Boston Partners increased its stake in Global Indemnity Group by 25.9% during Q1, owning approximately $4.51 million worth of shares.
• The State of Wyoming also raised its holdings in Global Indemnity Group by 56.3% in the fourth quarter, reflecting growing interest from institutional investors.
• Global Indemnity Group recently announced a quarterly dividend of $0.35 per share, translating to an annual yield of 4.7%.

Boston Partners raised its position in Global Indemnity Group, LLC (NASDAQ:GBLI - Free Report) by 25.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,833 shares of the insurance provider's stock after acquiring an additional 26,886 shares during the quarter. Boston Partners owned approximately 0.92% of Global Indemnity Group worth $4,507,000 at the end of the most recent reporting period.

Separately, State of Wyoming lifted its stake 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 valued at $68,000 after acquiring an additional 685 shares during the last quarter. 37.40% of the stock is owned by institutional investors.

Global Indemnity Group Stock Up 1.6%

Shares of GBLI traded up $0.4650 during trading hours on Friday, hitting $29.4650. The company had a trading volume of 4,198 shares, compared to its average volume of 4,634. The firm has a market cap of $421.23 million, a price-to-earnings ratio of 10.13 and a beta of 0.44. The business has a fifty day moving average of $30.83 and a 200-day moving average of $31.80. Global Indemnity Group, LLC has a 12 month low of $26.94 and a 12 month high of $37.00.

Global Indemnity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 20th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, June 20th. Global Indemnity Group's dividend payout ratio (DPR) is currently 70.71%.

Insider Buying and Selling

In other Global Indemnity Group news, CEO Praveen Kotha Reddy purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $28.30 per share, with a total value of $56,600.00. Following the completion of the transaction, the chief executive officer owned 5,100 shares in the company, valued at $144,330. The trade was a 64.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 2,206 shares of company stock worth $62,572 over the last 90 days. 52.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on shares of Global Indemnity Group in a research report on Sunday, May 18th. They issued a "buy" rating on the stock.

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.