Global Indemnity Group, LLC (NASDAQ:GBLI) Director Joseph W. Brown Buys 10,000 Shares

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Global Indemnity Group, LLC (NASDAQ: GBLI – Get a rating) Director Joseph W. Brown acquired 10,000 shares of the company in a transaction that took place on Thursday, August 18. The stock was purchased at an average price of $25.85 per share, for a total transaction of $258,500.00. After the purchase was completed, the director now owns 139,979 shares of the company, valued at $3,618,457.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website.

Global Compensation Group Price Performance

NASDAQ:GBLI shares traded down $0.17 in midday trading on Monday, hitting $25.50. The company had a trading volume of 1,230 shares, compared to an average volume of 11,316. ​​Global Indemnity Group, LLC has a one-year low of $23.32 and a one-year high of $27.99. The company has a fifty-day moving average price of $25.94 and a 200-day moving average price of $26.15. The company has a market capitalization of $370.41 million, a PE ratio of 33.78 and a beta of 0.24.

Global Indemnity Group announces dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Monday, June 20 received a dividend of $0.25. The ex-dividend date was Thursday, June 16. This represents an annualized dividend of $1.00 and a dividend yield of 3.92%. Global Indemnity Group’s dividend payout rate is currently -142.86%.

Institutional entries and exits

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Institutional investors have recently increased or reduced their stake in the company. Cullen Frost Bankers Inc. increased its holdings of Global Indemnity Group shares by 28.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider valued at $226,000 after buying an additional 2,000 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Global Indemnity Group in Q2 for a value of $259,000. RBF Capital LLC purchased a new stake in shares of Global Indemnity Group in the first quarter worth approximately $533,000. Renaissance Technologies LLC increased its stake in Global Indemnity Group by 7.1% during the first quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider worth $2,195,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Berkley WR Corp purchased a new stake in Global Indemnity Group in Q1 valued at approximately $15,427,000. 88.18% of the shares are held by institutional investors and hedge funds.

Wall Street analysts predict growth

Separately, StockNews.com began covering shares of Global Indemnity Group in a research note on Wednesday, August 17. They set a “hold” rating for the company.

Global Indemnity Group Company Profile

(Get a rating)

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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Insider buying and selling by quarter for Global Indemnity Group (NASDAQ:GBLI)

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