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


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


A d RJO Futures

Tailor an options trading strategy to your needs

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile. Take your trading to the next level with the Options Strategy Guide.

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, 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.

Recommended Stories

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

This instant 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 stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and 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.

See the five actions here


About Author

Comments are closed.