Global Indemnity Group, LLC (NASDAQ:GBLI) Insider Acquires $126,200.00 in Stock


Global Indemnity Group, LLC (NASDAQ: GBLI – Get a rating) insider David S. Charlton bought 5,000 shares of the company in a trade on Friday, August 12. The shares were acquired at an average price of $25.24 per share, with a total value of $126,200.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company, valued at $126,200. The transaction was disclosed in an SEC filing, available at this hyperlink.

Global Compensation Group Stock Performance

Shares of Global Indemnity Group rose $0.09 during trading hours on Tuesday, hitting $24.96. The company’s shares had a trading volume of 7,058 shares, compared to an average trading volume of 11,422. Global Indemnity Group, LLC has a 12-month low of $23.32 and a 12-month high of 27, $99. The company has a 50-day moving average price of $26.06 and a two-hundred-day moving average price of $26.17. The company has a market capitalization of $362.57 million, a PE ratio of -35.49 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 4.01%. Global Indemnity Group’s dividend payout ratio (DPR) is currently -142.86%.

Global Indemnity Group Institutional Negotiation


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Large investors have recently made changes to their positions in the stock. Berkley WR Corp increased its stake in Global Indemnity Group by 53.2% in the second quarter. Berkley WR Corp now owns 906,134 shares of the insurance provider worth $23,442,000 after acquiring an additional 314,848 shares during the period. Renaissance Technologies LLC increased its position in Global Indemnity Group by 7.1% during the 1st quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider valued at $2,195,000 after buying an additional 5,600 shares last quarter. RBF Capital LLC bought a new position in shares of Global Indemnity Group in Q1 worth approximately $533,000. Finally, Cullen Frost Bankers Inc. increased its holdings of Global Indemnity Group shares by 22.2% in the first quarter. Cullen Frost Bankers Inc. now owns 11,000 shares of the insurance provider valued at $287,000 after buying an additional 2,000 shares in the last quarter. 88.18% of the shares are held by hedge funds and other institutional investors.

Changes to analyst ratings

Separately, began covering shares of Global Indemnity Group in a report on Tuesday, August 9. They issued a “hold” rating for the company.

About Global Indemnity Group

(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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