Global Indemnity Group, LLC (GBLI) to Issue Quarterly Dividend of $0.35 on March 30th

Global Indemnity Group, LLC (NASDAQ:GBLI) announced a quarterly dividend on Thursday, March 5th. Shareholders of record on Friday, March 20th will be paid a dividend of 0.35 per share by the insurance provider on Monday, March 30th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, March 20th.

Global Indemnity Group has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Global Indemnity Group has a payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Global Indemnity Group to earn $3.48 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 40.2%.

Global Indemnity Group Price Performance

GBLI stock opened at $28.93 on Wednesday. Global Indemnity Group has a one year low of $25.88 and a one year high of $37.00. The stock has a market cap of $414.32 million, a PE ratio of 16.92 and a beta of 0.41. The firm has a 50 day simple moving average of $28.60 and a two-hundred day simple moving average of $28.68.

Hedge Funds Weigh In On Global Indemnity Group

A number of large investors have recently added to or reduced their stakes in GBLI. Ameriprise Financial Inc. increased its position 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 acquiring an additional 2,565 shares during the period. Cannell Capital LLC raised its stake 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 valued at $8,853,000 after acquiring an additional 3,841 shares during the last quarter. Boston Partners boosted its holdings in shares of Global Indemnity Group by 9.6% during the fourth quarter. Boston Partners now owns 150,351 shares of the insurance provider’s stock worth $4,270,000 after purchasing an additional 13,181 shares during the period. State of Wyoming boosted its holdings in shares of Global Indemnity Group by 70.5% during the second quarter. State of Wyoming now owns 4,524 shares of the insurance provider’s stock worth $142,000 after purchasing an additional 1,870 shares during the period. Finally, Clearstead Advisors LLC grew its stake in shares of Global Indemnity Group by 190.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 954 shares during the last quarter. 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.