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

Global Indemnity Group (NASDAQ:GBLI) will be posting 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 posted its quarterly earnings data on Wednesday, March 13th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.75. The firm had revenue of $109.26 million during the quarter, compared to analysts’ expectations of $136.00 million. Global Indemnity Group had a return on equity of 4.32% and a net margin of 4.79%. 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 Price Performance

Shares of GBLI stock opened at $31.38 on Wednesday. The stock has a market capitalization of $426.14 million, a PE ratio of 17.15 and a beta of 0.47. Global Indemnity Group has a 1-year low of $25.21 and a 1-year high of $37.00. The business has a 50-day moving average of $30.36 and a 200 day moving average of $31.44.

Global Indemnity Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 20th. This is a boost from Global Indemnity Group’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 4.46%. Global Indemnity Group’s dividend payout ratio is currently 76.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Global Indemnity Group in a report on Monday. They set a “buy” rating for the company.

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.