Global Indemnity Group (NASDAQ: GBLI – Get a rating) is expected to release its earnings data before the market opens on Tuesday, August 9. Those interested in listening to the company’s earnings conference call can do so using this link.
Global Indemnity Group (NASDAQ: GBLI – Get a rating) last reported quarterly earnings data on Monday, May 9. The insurance provider reported earnings per share (EPS) of $0.36 for the quarter. Global Indemnity Group achieved a net margin of 1.39% and a return on equity of 1.80%. The company had revenue of $130.46 million in the quarter.
Global Indemnity Group shares down 2.8%
NASDAQ GBLI shares opened at $25.95 on Tuesday. Global Indemnity Group has a 12-month low of $23.97 and a 12-month high of $27.99. The stock has a market capitalization of $376.95 million, a PE ratio of 45.53 and a beta of 0.24. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt ratio of 0.19. The company has a 50-day moving average of $26.38 and a 200-day moving average of $26.25.
Global Indemnity Group announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Investors of record on Monday, June 20 received a dividend of $0.25 per share. The ex-dividend date was Thursday, June 16. This represents an annualized dividend of $1.00 and a yield of 3.85%. Global Indemnity Group’s dividend payout ratio is currently 175.44%.
Insider Buying and Selling at Global Indemnity Group
In related news, the director Seth Gersch acquired 1,000 shares of the company in a transaction dated Tuesday, May 17. The shares were purchased at an average cost of $26.96 per share, for a total transaction of $26,960.00. Following the acquisition, the administrator now owns 166,471 shares of the company, valued at approximately $4,488,058.16. The purchase was disclosed in a document filed with the SEC, accessible via the SEC website. 43.70% of the shares are currently held by insiders of the company.
Institutional entries and exits
A hedge fund recently increased its stake in shares of Global Indemnity Group. Renaissance Technologies LLC raised its position in Global Indemnity Group, LLC (NASDAQ: GBLI – Get a rating) by 7.1% in the 1st quarter, according to its last filing with the SEC. The company held 84,134 shares of the insurance provider after acquiring an additional 5,600 shares during the period. Renaissance Technologies LLC owned approximately 0.58% of Global Indemnity Group worth $2,195,000 at the end of the most recent reporting period. 88.18% of the shares are currently held by hedge funds and other institutional investors.
Analyst upgrades and downgrades
Separately, StockNews.com assumed coverage of Global Indemnity Group shares in a report released on Monday. They issued a “hold” 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.
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