Key Points
- Director Bruce Lederman bought 503 shares of Global Indemnity (NASDAQ:GBLI) on June 27 at an average price of $32.78, a $16,488 purchase that raised his stake to 74,351 shares (a 0.68% ownership increase).
- The company pays a quarterly dividend of $0.35 ($1.40 annualized) for a yield of 5.1%, though its dividend payout ratio is relatively high at 81.87%.
- GBLI trades in a 12‑month range of $25.88–$34.70, has a market cap of about $395 million and a P/E of 16.11, and Wall Street’s consensus rating is Hold.
Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) Director Bruce Lederman purchased 503 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average cost of $32.78 per share, with a total value of $16,488.34. Following the completion of the acquisition, the director directly owned 74,351 shares of the company's stock, valued at $2,437,225.78. This represents a 0.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Global Indemnity Group Trading Up 0.2%
GBLI stock opened at $27.55 on Friday. Global Indemnity Group, LLC has a twelve month low of $25.88 and a twelve month high of $34.70. The company's 50 day moving average is $28.36 and its two-hundred day moving average is $28.52. The stock has a market cap of $395.34 million, a P/E ratio of 16.11 and a beta of 0.40.
Global Indemnity Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 20th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, March 20th. Global Indemnity Group's dividend payout ratio (DPR) is currently 81.87%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "hold (c)" rating on shares of Global Indemnity Group in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold".
View Our Latest Report on Global Indemnity Group
Institutional Investors Weigh In On Global Indemnity Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its position in shares of Global Indemnity Group by 190.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider's stock worth $41,000 after acquiring an additional 954 shares during the last quarter. State of Wyoming raised its position in Global Indemnity Group by 23.8% in 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. Flagship Capital Management Inc. acquired a new stake in Global Indemnity Group during the 4th quarter worth $241,000. Maryland Capital Advisors Inc. acquired a new stake in Global Indemnity Group during the 4th quarter worth $330,000. Finally, Cove Street Capital LLC grew its position in Global Indemnity Group by 5.6% during the 3rd quarter. Cove Street Capital LLC now owns 18,746 shares of the insurance provider's stock worth $545,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 37.40% of the company's stock.
About Global Indemnity Group
(
Get Free Report)
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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