Global Indemnity Group (NASDAQ:GBLI) Now Covered by StockNews.com

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

Global Indemnity Group Stock Performance

Shares of GBLI opened at $34.74 on Friday. Global Indemnity Group has a 1 year low of $27.47 and a 1 year high of $37.00. The stock has a market capitalization of $475.58 million, a PE ratio of 9.57 and a beta of 0.42. The stock has a 50-day simple moving average of $35.58 and a 200-day simple moving average of $33.45.

Global Indemnity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio is presently 48.11%.

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.