Global Compensation Group (NASDAQ: GBLI – Get a rating) will release its earnings data ahead of market open on Tuesday, November 8. Analysts expect Global Indemnity Group to post earnings of $1.45 per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.
Global Compensation Group (NASDAQ: GBLI – Get a rating) last reported results on Tuesday, August 9. The insurance provider reported earnings per share (EPS) of $0.12 for the quarter. The company had revenue of $147.86 million for the quarter. Global Indemnity Group recorded a negative net margin of 1.49% and a positive return on equity of 1.71%. On average, analysts expect Global Indemnity Group to post EPS of $0 for the current fiscal year and EPS of $3 for the next fiscal year.
Global Compensation Group Stock Performance
Shares of Global Indemnity Group Stock opened at $24.17 on Tuesday. The company has a market capitalization of $351.19 million, a PE ratio of 31.88 and a beta of 0.32. The company’s 50-day simple moving average is $23.15 and its 200-day simple moving average is $25.08. Global Indemnity Group has a 1-year minimum of $20.52 and a 1-year maximum of $27.66.
Global Indemnity Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 11. Shareholders of record on Tuesday, October 4 received a dividend of $0.25. The ex-dividend date was Monday, October 3. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 4.14%. Global Indemnity Group’s dividend payout ratio (DPR) is currently -142.86%.
In other Global Indemnity Group news, insider David S. Charlton bought 5,000 shares of the company in a trade that took place on Friday, August 12. The shares were acquired at an average cost of $25.24 per share, with a total value of $126,200.00. Following the completion of the purchase, the insider now directly owns 5,000 shares of the company, valued at $126,200. The purchase was disclosed in a filing with the SEC, accessible via this link. In other Global Indemnity Group news, Director Joseph W. Brown purchased 10,000 shares of the company in a trade that took place on Thursday, August 18. The shares were acquired at an average cost of $25.85 per share, with a total value of $258,500.00. Following the completion of the purchase, the administrator now directly owns 139,979 shares of the company, valued at $3,618,457.15. The purchase was disclosed in a filing with the SEC, accessible via this link. Additionally, insider David S. Charlton purchased 5,000 shares of the company in a trade that took place on Friday, August 12. The shares were acquired at an average cost of $25.24 per share, with a total value of $126,200.00. After completing the purchase, the insider now owns 5,000 shares of the company, valued at $126,200. Disclosure of this purchase can be found here. Insiders have purchased 18,500 shares of the company worth $473,355 over the past three months. Company insiders hold 44.20% of the company’s stock.
Institutional investors weigh in on Global Indemnity Group
An institutional investor recently bought a new position in shares of Global Indemnity Group. First Republic Investment Management Inc. acquired a new position in Global Indemnity Group, LLC (NASDAQ: GBLI – Get a rating) in the second quarter, according to the company in its latest filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the insurance provider, valued at approximately $259,000. First Republic Investment Management Inc. owned approximately 0.07% of Global Indemnity Group when it last filed with the SEC. Hedge funds and other institutional investors hold 49.28% of the company’s shares.
Analysts set new price targets
Separately, StockNews.com began covering shares of Global Indemnity Group in a research note on Friday. They have set a “holding” rating on the stock.
Global Indemnity Group Company Profile
Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, ranch and stable; and the reinsurance operations segments. The Commercial Specialty segment distributes property and casualty, general liability, accident and professional insurance products.
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider Global Indemnity Group, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and that Global Indemnity Group was not on the list.
While Global Indemnity Group currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.