Global Indemnity Group (GBLI) Stock Forecast, Price & News

Global Indemnity Group's stock was trading at $23.31 at the beginning of the year. Since then, GBLI stock has increased by 16.6% and is now trading at $27.19.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our GBLI earnings forecast.

Global Indemnity Group, LLC (NASDAQ:GBLI) posted its quarterly earnings results on Thursday, March, 9th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by $0.13. The insurance provider had revenue of $155.64 million for the quarter, compared to analysts' expectations of $155 million. Global Indemnity Group had a net margin of 2.53% and a trailing twelve-month return on equity of 2.78%.

Global Indemnity Group announced a quarterly dividend on Friday, March 3rd. Investors of record on Friday, March 24th will be paid a dividend of $0.25 per share on Friday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, March 23rd.
Read our dividend analysis for GBLI.

Global Indemnity Group (NASDAQ:GBLI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.71%. The dividend payout ratio is 92.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GBLI will have a dividend payout ratio of 30.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GBLI.

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Indemnity Group investors own include NVIDIA (NVDA), Main Street Capital (MAIN), Boeing (BA), General Motors (GM), Overstock.com (OSTK), QUALCOMM (QCOM), Twilio (TWLO), CalAmp (CAMP), Chegg (CHGG) and DocuSign (DOCU).

Global Indemnity Group trades on the NASDAQ under the ticker symbol "GBLI."

Global Indemnity Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Springhouse Capital Management LP (2.64%), Ameriprise Financial Inc. (2.29%), RBF Capital LLC (1.29%), Cove Street Capital LLC (0.60%), Renaissance Technologies LLC (0.06%) and UBS Group AG (0.03%). Insiders that own company stock include Bruce R Lederman, David S Charlton, Gary Charles Tolman, Joseph W Brown, Reiner Ralf Mauer, Saul A Fox and Seth Gersch.
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Shares of GBLI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GBLI stock can currently be purchased for approximately $27.19.

Global Indemnity Group (NASDAQ:GBLI) has a market capitalization of $370.87 million and generates $648.99 million in revenue each year. The insurance provider earns $-850,000.00 in net income (profit) each year or $1.08 on an earnings per share basis.

The company employs 360 workers across the globe.

Global Indemnity Group's mailing address is 27 HOSPITAL ROAD, GEORGE TOWN E9, 19004. The official website for the company is www.globalindemnity.ky. The insurance provider can be reached via phone at (610) 664-1500 or via email at ir@gbli.com.