Global Indemnity Group (NASDAQ:GBLI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note released on Saturday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 1.3 %

Shares of NASDAQ:GBLI opened at $34.74 on Friday. The company has a market cap of $475.58 million, a price-to-earnings ratio of 11.94 and a beta of 0.42. The business has a 50 day moving average price of $35.59 and a 200 day moving average price of $33.50. Global Indemnity Group has a twelve month low of $27.47 and a twelve month high of $37.00.

Global Indemnity Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio (DPR) 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.