Global Indemnity Group, LLC (NASDAQ:GBLI) Director Saul A. Fox Purchases 11,400 Shares

Global Indemnity Group, LLC (NASDAQ:GBLI) Director Saul A. Fox purchased 11,400 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of $29.19 per share, for a total transaction of $332,766.00. Following the acquisition, the director now owns 1,796,285 shares of the company’s stock, valued at $52,433,559.15. This trade represents a 0.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Global Indemnity Group Stock Performance

Shares of NASDAQ GBLI opened at $30.00 on Friday. The firm has a market capitalization of $427.74 million, a P/E ratio of 10.31 and a beta of 0.39. The firm’s 50-day moving average price is $31.58 and its 200-day moving average price is $34.02. Global Indemnity Group, LLC has a 1-year low of $26.94 and a 1-year high of $37.00.

Global Indemnity Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Friday, March 21st. Global Indemnity Group’s dividend payout ratio (DPR) is currently 70.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners raised its position in shares of Global Indemnity Group by 34.9% during the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock worth $3,742,000 after purchasing an additional 26,893 shares during the period. Huber Capital Management LLC acquired a new stake in Global Indemnity Group in the 4th quarter valued at $232,000. Cannell Capital LLC increased its stake in Global Indemnity Group by 23.1% during the 4th quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock valued at $8,854,000 after purchasing an additional 46,167 shares in the last quarter. Finally, State of Wyoming raised its holdings in Global Indemnity Group by 56.3% during the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock worth $68,000 after buying an additional 685 shares during the last quarter. Institutional investors own 37.40% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Global Indemnity Group in a research report on Saturday, May 10th. They set a “buy” rating on the stock.

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.