Global Indemnity Group (NASDAQ:GBLI) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Global Indemnity Group, LLC (NASDAQ:GBLI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.04 and traded as high as $36.39. Global Indemnity Group shares last traded at $36.00, with a volume of 1,041 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Global Indemnity Group in a report on Thursday. They issued a “buy” rating for the company.

Global Indemnity Group Stock Down 0.8 %

The firm has a market capitalization of $492.22 million, a price-to-earnings ratio of 12.36 and a beta of 0.42. The business has a 50-day moving average of $35.31 and a two-hundred day moving average of $33.08.

Global Indemnity Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 yield of 3.89%. Global Indemnity Group’s dividend payout ratio is currently 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.