Global Indemnity Group (NASDAQ:GBLI) Director Buys $16,488.34 in Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) Director Bruce Lederman purchased 503 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The shares were bought at an average cost of $32.78 per share, with a total value of $16,488.34. Following the transaction, the director directly owned 74,351 shares of the company’s stock, valued at $2,437,225.78. The trade was a 0.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Global Indemnity Group Price Performance

GBLI stock traded up $0.06 during trading on Thursday, reaching $27.55. 441 shares of the stock traded hands, compared to its average volume of 4,759. Global Indemnity Group, LLC has a 52-week low of $25.88 and a 52-week high of $34.70. The firm has a market capitalization of $395.37 million, a PE ratio of 16.11 and a beta of 0.41. The business’s 50 day moving average price is $28.39 and its 200-day moving average price is $28.53.

Global Indemnity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 20th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, March 20th. Global Indemnity Group’s dividend payout ratio (DPR) is currently 81.87%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Indemnity Group in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Global Indemnity Group currently has an average rating of “Hold”.

Hedge Funds Weigh In On Global Indemnity Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners boosted its holdings in Global Indemnity Group by 9.6% in the 4th quarter. Boston Partners now owns 150,351 shares of the insurance provider’s stock worth $4,270,000 after acquiring an additional 13,181 shares during the period. Maryland Capital Advisors Inc. purchased a new stake in shares of Global Indemnity Group during the fourth quarter valued at approximately $330,000. Flagship Capital Management Inc. acquired a new position in shares of Global Indemnity Group during the fourth quarter worth $241,000. Cannell Capital LLC lifted its position 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 in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake 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. 37.40% of the stock is owned by institutional investors and hedge funds.

Global Indemnity Group Company Profile

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.