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

Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Global Indemnity Group Trading Down 2.9%

The firm has a market capitalization of $439.03 million, a PE ratio of 10.58 and a beta of 0.41. The firm's fifty day moving average price is $31.06 and its 200 day moving average price is $32.65.

Global Indemnity Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 20th were issued a $0.35 dividend. The ex-dividend date was Friday, June 20th. This represents a $1.40 dividend on an annualized basis and a yield of 4.55%. Global Indemnity Group's payout ratio is 70.00%.

Insider Buying and Selling at Global Indemnity Group

In related news, insider Joseph W. Brown bought 5,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $28.45 per share, for a total transaction of $142,250.00. Following the acquisition, the insider directly owned 162,404 shares of the company's stock, valued at $4,620,393.80. The trade was a 3.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Saul A. Fox bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost of $31.79 per share, for a total transaction of $317,900.00. Following the completion of the acquisition, the director owned 1,828,685 shares in the company, valued at $58,133,896.15. This trade represents a 0.55% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 48,800 shares of company stock worth $1,471,860. 52.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Global Indemnity Group

Several institutional investors have recently made changes to their positions in GBLI. Cannell Capital LLC lifted its holdings 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 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 25.9% in the 1st quarter. Boston Partners now owns 130,833 shares of the insurance provider's stock worth $4,507,000 after acquiring an additional 26,886 shares during the last quarter. Huber Capital Management LLC bought a new position in Global Indemnity Group during the fourth quarter valued at about $232,000. Finally, State of Wyoming lifted its holdings in Global Indemnity Group by 39.6% during the 1st quarter. State of Wyoming now owns 2,654 shares of the insurance provider's stock worth $91,000 after buying an additional 753 shares in the last quarter. Institutional investors own 37.40% of the company's stock.

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.