Global Indemnity Group (NASDAQ:GBLI) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.73 and traded as high as $32.89. Global Indemnity Group shares last traded at $31.68, with a volume of 1,210 shares trading hands.

Analysts Set New Price Targets

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

Global Indemnity Group Stock Performance

The stock has a market capitalization of $451.62 million, a P/E ratio of 10.88 and a beta of 0.41. The stock has a 50 day moving average of $31.00 and a 200 day moving average of $32.73.

Global Indemnity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 20th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $1.40 annualized dividend and a dividend yield of 4.42%. Global Indemnity Group's dividend payout ratio (DPR) is 70.00%.

Insiders Place Their Bets

In other Global Indemnity Group news, insider Joseph W. Brown acquired 5,000 shares of Global Indemnity Group stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $28.45 per share, with a total value of $142,250.00. Following the purchase, the insider owned 162,404 shares in the company, valued at approximately $4,620,393.80. The trade was a 3.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Saul A. Fox acquired 22,400 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average cost of $30.31 per share, for a total transaction of $678,944.00. Following the completion of the purchase, the director directly owned 1,818,685 shares in the company, valued at $55,124,342.35. This represents a 1.25% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 48,800 shares of company stock valued at $1,471,860 in the last quarter. 52.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Global Indemnity Group

Large investors have recently bought and sold shares of the stock. Cannell Capital LLC lifted its stake in shares of Global Indemnity Group by 23.1% during the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider's stock valued at $8,854,000 after acquiring an additional 46,167 shares during the period. Boston Partners grew its holdings in shares of 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 buying an additional 26,893 shares in the last quarter. State of Wyoming grew 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 purchasing an additional 685 shares in the last quarter. Finally, Huber Capital Management LLC bought a new position in Global Indemnity Group in the fourth quarter valued at approximately $232,000. 37.40% of the stock is currently owned by institutional investors.

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.

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