StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a report issued on Monday. The brokerage issued a buy rating on the insurance provider’s stock.
Global Indemnity Group Price Performance
Shares of Global Indemnity Group stock opened at $32.50 on Monday. The firm has a market cap of $442.13 million, a PE ratio of 13.10 and a beta of 0.44. Global Indemnity Group has a 1 year low of $26.50 and a 1 year high of $37.00. The stock has a fifty day moving average price of $30.97 and a 200-day moving average price of $30.73.
Global Indemnity Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend was Friday, June 21st. Global Indemnity Group’s dividend payout ratio is currently 56.45%.
Institutional Trading of Global Indemnity Group
About Global Indemnity Group
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.
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