23,965 Global Indemnity Group, LLC $GBLI Shares Acquired by State of Wyoming

State of Wyoming boosted its stake in Global Indemnity Group, LLC (NASDAQ:GBLI) by 600.2% in the third quarter, Holdings Channel.com reports. The firm owned 27,958 shares of the insurance provider’s stock after acquiring an additional 23,965 shares during the quarter. State of Wyoming’s holdings in Global Indemnity Group were worth $676,000 at the end of the most recent quarter.

Separately, Franklin Street Advisors Inc. NC acquired a new stake in Global Indemnity Group during the 2nd quarter worth approximately $368,000. 37.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Global Indemnity Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Global Indemnity Group Stock Up 1.8%

Shares of NASDAQ GBLI opened at $24.91 on Monday. The stock’s fifty day simple moving average is $26.14 and its 200 day simple moving average is $27.16. The stock has a market capitalization of $363.92 million, a price-to-earnings ratio of 10.60 and a beta of 0.52. Global Indemnity Group, LLC has a 52-week low of $22.83 and a 52-week high of $30.50.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings results 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 net margin of 7.50% and a return on equity of 5.56%. The company had revenue of $116.10 million for the quarter. As a group, analysts anticipate that Global Indemnity Group, LLC will post 2.68 earnings per share for the current year.

Global Indemnity Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 18th were paid a $0.35 dividend. The ex-dividend date was Friday, September 18th. This represents a $1.40 dividend on an annualized basis and a yield of 5.6%. Global Indemnity Group’s dividend payout ratio (DPR) is presently 59.57%.

Global Indemnity Group Company Profile

Global Indemnity Group, LLC (NASDAQ: GBLI) is an insurance holding company that provides specialty property and casualty insurance and reinsurance products. Its business is focused on risks that may require specialized underwriting expertise, including commercial, professional and personal insurance exposures.

Through its operating subsidiaries, the company offers products in areas such as excess and surplus lines, commercial property and casualty coverage, specialty personal lines, and other niche insurance markets.