Key Points
- CEO Joseph Brown bought 5,000 shares at an average price of $25.98 on Nov. 25 (total ~$129,900), increasing his stake to 179,904 shares — a 2.86% rise in his ownership valued at about $4.67 million.
- Global Indemnity yields 5.0% after declaring a quarterly $0.35 dividend (annualized $1.40) with a payout ratio of ~72.9%, while the stock trades near $28.28 with a market cap around $405 million and a consensus Wall Street rating of "Hold."
Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) CEO Joseph Brown acquired 5,000 shares of the company's stock in a transaction on Tuesday, November 25th. The stock was bought at an average cost of $25.98 per share, with a total value of $129,900.00. Following the completion of the acquisition, the chief executive officer directly owned 179,904 shares in the company, valued at approximately $4,673,905.92. This represents a 2.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Global Indemnity Group Stock Performance
Shares of NASDAQ GBLI traded up $0.80 during mid-day trading on Thursday, reaching $28.28. The company had a trading volume of 4,502 shares, compared to its average volume of 9,431. The firm has a market cap of $404.97 million, a price-to-earnings ratio of 14.73 and a beta of 0.46. The business's 50-day simple moving average is $28.79 and its 200 day simple moving average is $29.93. Global Indemnity Group, LLC has a one year low of $25.88 and a one year high of $37.00.
Global Indemnity Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Monday, September 29th were paid a $0.35 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.40 annualized dividend and a dividend yield of 5.0%. Global Indemnity Group's dividend payout ratio (DPR) is presently 72.92%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming increased its position in Global Indemnity Group by 39.6% in the 1st quarter. State of Wyoming now owns 2,654 shares of the insurance provider's stock valued at $91,000 after acquiring an additional 753 shares during the period. Cove Street Capital LLC increased its holdings in Global Indemnity Group by 5.6% in the third quarter. Cove Street Capital LLC now owns 18,746 shares of the insurance provider's stock valued at $545,000 after purchasing an additional 1,000 shares during the period. Boston Partners raised its position in Global Indemnity Group by 5.0% during the 3rd quarter. Boston Partners now owns 137,170 shares of the insurance provider's stock worth $3,985,000 after purchasing an additional 6,552 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Global Indemnity Group by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 299,626 shares of the insurance provider's stock worth $8,704,000 after buying an additional 1,191 shares during the period. Finally, Cannell Capital LLC lifted its holdings in Global Indemnity Group by 1.4% during the 2nd quarter. Cannell Capital LLC now owns 282,313 shares of the insurance provider's stock worth $8,853,000 after buying an additional 3,841 shares during the period. Institutional investors and hedge funds own 37.40% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "hold (c)" rating on shares of Global Indemnity Group in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Global Indemnity Group presently has a consensus rating of "Hold".
Read Our Latest Research Report on GBLI
Global Indemnity Group Company Profile
(
Get Free Report)
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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