Global Indemnity Group (NASDAQ:GBLI) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Global Indemnity Group shares rose above their 200-day moving average, reaching $28.70 and last trading at $28.60, compared with a 200-day average of $27.32.
• Despite the technical move, Weiss Ratings downgraded the stock from “hold (c)” to “hold (c-),” while analyst consensus remains Hold. The company also missed quarterly EPS estimates, reporting $0.59 versus expectations of $0.63.
• Global Indemnity pays a quarterly dividend of $0.35 per share, or $1.40 annually, representing an approximately 4.9% yield and a 59.57% payout ratio.

Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.32 and traded as high as $28.70. Global Indemnity Group shares last traded at $28.60, with a volume of 7,754 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Global Indemnity Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Global Indemnity Group Stock Performance

The company's 50-day moving average price is $26.66 and its two-hundred day moving average price is $27.32. The stock has a market cap of $417.85 million, a PE ratio of 12.17 and a beta of 0.41.

Global Indemnity Group (NASDAQ:GBLI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company had revenue of $116.10 million during the quarter. Global Indemnity Group had a return on equity of 5.56% and a net margin of 7.50%. Equities research analysts forecast that Global Indemnity Group, LLC will post 2.68 earnings per share for the current fiscal year.

Global Indemnity Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.40 annualized dividend and a yield of 4.9%. Global Indemnity Group's payout ratio is 59.57%.

Hedge Funds Weigh In On Global Indemnity Group

Several institutional investors have recently modified their holdings of the company. State of Wyoming grew its holdings in shares of Global Indemnity Group by 23.8% during the 4th quarter. State of Wyoming now owns 4,898 shares of the insurance provider's stock valued at $139,000 after purchasing an additional 942 shares during the last quarter. Clearstead Advisors LLC lifted its stake in Global Indemnity Group by 190.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider's stock worth $41,000 after purchasing an additional 954 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Global Indemnity Group by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 299,626 shares of the insurance provider's stock worth $8,704,000 after purchasing an additional 1,191 shares during the last quarter. Cannell Capital LLC boosted its position in Global Indemnity Group by 1.4% during the second quarter. Cannell Capital LLC now owns 282,313 shares of the insurance provider's stock valued at $8,853,000 after buying an additional 3,841 shares during the period. Finally, Boston Partners boosted its position in Global Indemnity Group by 5.0% during the third quarter. Boston Partners now owns 137,170 shares of the insurance provider's stock valued at $3,985,000 after buying an additional 6,552 shares during the period. 37.40% of the stock is currently owned by institutional investors.

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.

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