Global Indemnity Group, LLC (NASDAQ: GBLI – Get a rating) Director Seth Gersch bought 3,000 shares in a trade dated Thursday, May 19. The shares were purchased at an average cost of $26.66 per share, for a total transaction of $79,980.00. Following the acquisition, the administrator now owns 174,471 shares of the company, valued at approximately $4,651,396.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website.
Seth Gersch also recently completed the following trade(s):
- On Tuesday, May 17, Seth Gersch purchased 1,000 shares of Global Indemnity Group. The shares were purchased at an average price of $26.96 per share, for a total transaction of $26,960.00.
Shares of GBLI Action traded at $0.01 during Monday trading hours, hitting $26.51. The company had a trading volume of 4,134 shares, compared to an average volume of 13,690. Global Indemnity Group, LLC has a 1-year low of $23.97 and a 1-year high of $31.98. The company has a debt ratio of 0.19, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $385.08 million, a price-earnings ratio of 46.49 and a beta of 0.22. The company has a 50-day moving average of $26.16 and a 200-day moving average of $26.08.
Global Compensation Group (NASDAQ: GBLI – Get a rating) last announced its quarterly results on Monday, May 9. The insurance provider reported EPS of $0.36 for the quarter. Global Indemnity Group achieved a return on equity of 1.80% and a net margin of 1.39%. The company had revenue of $130.46 million in the quarter.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Monday, March 21 received a dividend of $0.25 per share. The ex-dividend date was Friday, March 18. This represents an annualized dividend of $1.00 and a yield of 3.77%. Global Indemnity Group’s dividend payout ratio (DPR) is currently 175.44%.
Several institutional investors and hedge funds have recently increased or reduced their stake in GBLI. Cullen Frost Bankers Inc. increased its position in shares of Global Indemnity Group by 28.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider worth $226,000 after purchasing an additional 2,000 shares during the period. Morgan Stanley increased its stake in Global Indemnity Group by 56.8% in the second quarter. Morgan Stanley now owns 13,893 shares of the insurance provider valued at $375,000 after buying an additional 5,032 shares in the last quarter. RBF Capital LLC purchased a new stake in Global Indemnity Group during Q1 valued at approximately $533,000. Cannell Capital LLC acquired a new position in shares of Global Indemnity Group during Q3 worth approximately $853,000. Finally, Renaissance Technologies LLC increased its holdings of Global Indemnity Group shares by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider valued at $1,974,000 after acquiring an additional 4,700 shares last quarter. 88.18% of the shares are currently held by hedge funds and other institutional investors.
A number of analysts have weighed in on GBLI shares recently. TheStreet upgraded Global Indemnity Group from a “c” rating to a “b-” rating in a Friday, March 11 research note. StockNews.com supposed coverage of Global Indemnity Group shares in a research report on Saturday. They have placed a “holding” rating on the stock.
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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