Global Indemnity Group, LLC (NASDAQ:GBLI) CEO Buys $53,940.00 in Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) CEO Praveen Kotha Reddy bought 1,500 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $35.96 per share, with a total value of $53,940.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $53,940. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Global Indemnity Group Stock Performance

Global Indemnity Group stock opened at $36.50 on Thursday. The firm has a market cap of $499.61 million, a price-to-earnings ratio of 12.54 and a beta of 0.46. Global Indemnity Group, LLC has a 52-week low of $28.37 and a 52-week high of $37.00. The firm has a 50 day moving average price of $35.24 and a two-hundred day moving average price of $34.69.

Global Indemnity Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Friday, March 21st. Global Indemnity Group’s dividend payout ratio is presently 44.87%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Global Indemnity Group in a research note on Saturday, March 15th. They issued a “buy” rating for the company.

Institutional Trading of Global Indemnity Group

A number of institutional investors have recently bought and sold shares of the company. Boston Partners raised its position in shares of Global Indemnity Group by 34.9% in the 4th quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock worth $3,742,000 after acquiring an additional 26,893 shares in the last quarter. Huber Capital Management LLC bought a new stake in shares of Global Indemnity Group during the 4th quarter valued at about $232,000. Cannell Capital LLC grew its stake in Global Indemnity Group by 23.1% during the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock worth $8,854,000 after purchasing an additional 46,167 shares during the period. Finally, State of Wyoming increased its holdings in Global Indemnity Group by 56.3% in the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 685 shares in the last quarter. Institutional investors own 37.40% of the company’s stock.

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.