Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report released on Friday morning. The brokerage issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

NASDAQ GBLI opened at $35.60 on Friday. The business’s 50 day moving average price is $35.59 and its 200-day moving average price is $33.35. Global Indemnity Group has a fifty-two week low of $27.47 and a fifty-two week high of $37.00. The company has a market cap of $487.29 million, a P/E ratio of 12.23 and a beta of 0.42.

Global Indemnity Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, December 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.93%. Global Indemnity Group’s dividend payout ratio is presently 48.11%.

Global Indemnity Group Company Profile

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.