Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note issued to investors on Monday morning. The firm issued a buy rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

NASDAQ GBLI opened at $35.31 on Monday. The firm has a market capitalization of $483.39 million, a price-to-earnings ratio of 12.13 and a beta of 0.42. Global Indemnity Group has a one year low of $27.47 and a one year high of $37.00. The company’s 50 day moving average price is $35.78 and its 200 day moving average price is $33.89.

Global Indemnity Group (NASDAQ:GBLI) last issued its earnings results on Thursday, November 7th. The insurance provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.41. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. The business had revenue of $111.76 million for the quarter, compared to the consensus estimate of $123.00 million. During the same quarter last year, the firm posted ($0.05) EPS. Sell-side analysts forecast that Global Indemnity Group will post 3.25 EPS for the current fiscal year.

Global Indemnity Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Tuesday, December 24th. Global Indemnity Group’s dividend payout ratio is presently 48.11%.

Global Indemnity Group Company Profile

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.