Global Indemnity Group (NASDAQ:GBLI) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares crossed above their 200-day moving average: Global Indemnity (NASDAQ:GBLI) traded above its 200-day MA of $28.68 on Tuesday, reaching as high as $28.98 and last trading at $28.9250.
• Attractive dividend but high payout ratio: The company declared a quarterly dividend of $0.35 (annualized $1.40) for a ~4.8% yield, though the payout ratio is elevated at 81.87%.
• Analyst and ownership picture: Analysts have a consensus Hold rating (Weiss Ratings reiterated Hold), the market cap is ~$414.3M with a P/E of 16.9, and institutional investors own about 37.4% after several recent stake adjustments.

Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.68 and traded as high as $28.98. Global Indemnity Group shares last traded at $28.9250, with a volume of 2,657 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Global Indemnity Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Global Indemnity Group Price Performance

The company's 50-day simple moving average is $28.60 and its 200-day simple moving average is $28.68. The stock has a market capitalization of $414.32 million, a price-to-earnings ratio of 16.92 and a beta of 0.41.

Global Indemnity Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 20th will be paid a $0.35 dividend. The ex-dividend date is Friday, March 20th. This represents a $1.40 annualized dividend and a yield of 4.8%. Global Indemnity Group's payout ratio is 81.87%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GBLI. Boston Partners grew its stake in shares of Global Indemnity Group by 9.6% in the fourth quarter. Boston Partners now owns 150,351 shares of the insurance provider's stock valued at $4,270,000 after acquiring an additional 13,181 shares in the last quarter. State of Wyoming raised its stake in Global Indemnity Group by 23.8% in the 4th quarter. State of Wyoming now owns 4,898 shares of the insurance provider's stock worth $139,000 after purchasing an additional 942 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Global Indemnity Group by 190.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 954 shares during the period. Flagship Capital Management Inc. bought a new stake in Global Indemnity Group in the 4th quarter valued at about $241,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of Global Indemnity Group during the 4th quarter worth approximately $330,000. Institutional investors own 37.40% of the company's stock.

Global Indemnity Group Company Profile

Global Indemnity Group NASDAQ: GBLI is a specialty property and casualty insurance holding company headquartered in Princeton, New Jersey. Through its subsidiaries, the company focuses on underwriting commercial niche insurance products designed to meet the needs of small to mid-sized businesses and select specialty markets. Its approach centers on disciplined underwriting, customized policy structures and targeted distribution channels to address coverage gaps often underserved by standard carriers.

The company's product portfolio encompasses surety and fidelity bonds, workers' compensation, general liability, commercial auto, professional liability and environmental liability.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.