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

Global Indemnity Group, LLC (NASDAQ:GBLI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.71 and traded as high as $29.30. Global Indemnity Group shares last traded at $29.30, with a volume of 17,305 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Indemnity Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Global Indemnity Group Trading Up 1.1%

The company has a market cap of $423.30 million, a PE ratio of 17.29 and a beta of 0.41. The firm’s 50-day simple moving average is $28.55 and its two-hundred day simple moving average is $28.71.

Global Indemnity Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 20th will be paid a $0.35 dividend. The ex-dividend date is Friday, March 20th. This represents a $1.40 dividend on an annualized basis and a yield of 4.7%. Global Indemnity Group’s dividend payout ratio (DPR) is 72.92%.

Institutional Trading of Global Indemnity Group

Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of Global Indemnity Group by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 298,435 shares of the insurance provider’s stock valued at $9,359,000 after purchasing an additional 2,565 shares during the period. Cannell Capital LLC lifted its holdings in shares of Global Indemnity Group by 1.4% during the second quarter. Cannell Capital LLC now owns 282,313 shares of the insurance provider’s stock worth $8,853,000 after purchasing an additional 3,841 shares during the period. Boston Partners boosted its position in Global Indemnity Group by 9.6% in the fourth quarter. Boston Partners now owns 150,351 shares of the insurance provider’s stock valued at $4,270,000 after buying an additional 13,181 shares during the last quarter. State of Wyoming boosted its position in Global Indemnity Group by 70.5% in the second quarter. State of Wyoming now owns 4,524 shares of the insurance provider’s stock valued at $142,000 after buying an additional 1,870 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in Global Indemnity Group by 190.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock worth $41,000 after buying an additional 954 shares during the period. Hedge funds and other institutional investors own 37.40% of the company’s stock.

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.