FY2028 Earnings Estimate for GBLI Issued By DOWLING & PARTN

Global Indemnity Group, LLC (NASDAQ:GBLI) – Investment analysts at DOWLING & PARTN issued their FY2028 EPS estimates for shares of Global Indemnity Group in a research note issued on Friday, August 14th. DOWLING & PARTN analyst A. Mottolese expects that the insurance provider will post earnings of $3.50 per share for the year. The consensus estimate for Global Indemnity Group’s current full-year earnings is $2.68 per share.

Separately, Weiss Ratings cut Global Indemnity Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Global Indemnity Group Stock Performance

NASDAQ GBLI opened at $27.18 on Tuesday. The business’s fifty day moving average is $26.51 and its 200 day moving average is $27.40. Global Indemnity Group has a fifty-two week low of $24.28 and a fifty-two week high of $30.52. The company has a market capitalization of $397.07 million, a PE ratio of 11.57 and a beta of 0.41.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). Global Indemnity Group had a return on equity of 5.56% and a net margin of 7.50%.The company had revenue of $116.10 million during the quarter.

Global Indemnity Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 18th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Thursday, June 18th. Global Indemnity Group’s dividend payout ratio is presently 59.57%.

Institutional Trading of Global Indemnity Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Clearstead Advisors LLC raised its position in shares of Global Indemnity Group by 190.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 954 shares during the period. State of Wyoming boosted its holdings in Global Indemnity Group by 70.5% in the 2nd quarter. State of Wyoming now owns 4,524 shares of the insurance provider’s stock worth $142,000 after buying an additional 1,870 shares during the period. Franklin Street Advisors Inc. NC bought a new position in Global Indemnity Group in the 2nd quarter worth $368,000. Boston Partners increased its stake in Global Indemnity Group by 5.0% in the 3rd quarter. Boston Partners now owns 137,170 shares of the insurance provider’s stock worth $3,985,000 after buying an additional 6,552 shares in the last quarter. Finally, Cannell Capital LLC raised its holdings in Global Indemnity Group by 1.4% during the second quarter. Cannell Capital LLC now owns 282,313 shares of the insurance provider’s stock valued at $8,853,000 after acquiring an additional 3,841 shares during the period. 37.40% of the stock is owned by hedge funds and other institutional investors.

About Global Indemnity Group

Global Indemnity Group (NASDAQ: GBLI) is a specialty property and casualty insurance holding company headquartered in Princeton, New Jersey. Through its subsidiaries, the company focuses on underwriting commercial niche insurance products designed to meet the needs of small to mid-sized businesses and select specialty markets. Its approach centers on disciplined underwriting, customized policy structures and targeted distribution channels to address coverage gaps often underserved by standard carriers.

The company’s product portfolio encompasses surety and fidelity bonds, workers’ compensation, general liability, commercial auto, professional liability and environmental liability.