Global Indemnity Group (GBLI) Set to Announce Quarterly Earnings on Wednesday

Global Indemnity Group (NASDAQ:GBLI) is set to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Global Indemnity Group to post earnings of $0.60 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Global Indemnity Group (NASDAQ:GBLI) last announced its quarterly earnings results on Wednesday, March 13th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.75. Global Indemnity Group had a return on equity of 4.32% and a net margin of 4.79%. The business had revenue of $109.26 million for the quarter, compared to analyst estimates of $136.00 million. On average, analysts expect Global Indemnity Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Global Indemnity Group Stock Down 1.3 %

Shares of NASDAQ:GBLI opened at $31.91 on Tuesday. The stock’s 50 day moving average is $30.71 and its 200-day moving average is $31.31. Global Indemnity Group has a twelve month low of $25.21 and a twelve month high of $37.00. The firm has a market capitalization of $433.27 million, a price-to-earnings ratio of 17.43 and a beta of 0.46.

Global Indemnity Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Wednesday, March 20th. This is a positive change from Global Indemnity Group’s previous quarterly dividend of $0.25. Global Indemnity Group’s dividend payout ratio is currently 76.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Global Indemnity Group in a report on Tuesday. They issued a “buy” rating on the stock.

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.