Global Indemnity Group - GBLI Stock Forecast, Price & News

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products. This segment sells its products through a network of wholesale general agents and program administrators. The Farm, Ranch, & Stable segment offers commercial farm auto and excess/umbrella coverage for the agriculture industry, as well as specialized insurance products for the equine mortality and equine major medical industry on an admitted basis through wholesalers and retail agents. The Reinsurance Operations segment provides offer third-party treaty reinsurance for casualty insurance and reinsurance companies, as well as professional liability products to companies through brokers. Global Indemnity Group, LLC was founded in 2003 and is headquartered in Bala Cynwyd, Pennsylvania.

Global Indemnity Group Stock Down 3.0 %

Shares of GBLI traded down $0.77 during mid-day trading on Monday, reaching $24.87. 1,301 shares of the company's stock were exchanged, compared to its average volume of 11,451. The company has a 50-day simple moving average of $26.10 and a two-hundred day simple moving average of $26.18. Global Indemnity Group has a 52-week low of $23.32 and a 52-week high of $27.99. The company has a market cap of $361.26 million, a price-to-earnings ratio of 33.74 and a beta of 0.24.

Global Indemnity Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Monday, June 20th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. Global Indemnity Group's dividend payout ratio (DPR) is -142.86%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Global Indemnity Group in a research note on Tuesday, August 9th. They set a "hold" rating for the company.

Insider Transactions at Global Indemnity Group

In other Global Indemnity Group news, Director Seth Gersch acquired 3,000 shares of the company's stock in a transaction dated Thursday, May 19th. The stock was acquired at an average cost of $26.66 per share, with a total value of $79,980.00. Following the purchase, the director now directly owns 174,471 shares in the company, valued at approximately $4,651,396.86. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 44.20% of the company's stock.