Global Indemnity Group (NASDAQ:GBLI) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Global Indemnity Group, LLC (NASDAQ:GBLI) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.00 and traded as high as $29.24. Global Indemnity Group shares last traded at $29.20, with a volume of 8,155 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Indemnity Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Global Indemnity Group Price Performance

The company has a fifty day moving average of $28.40 and a 200-day moving average of $29.00. The firm has a market cap of $418.14 million, a P/E ratio of 15.21 and a beta of 0.41.

Global Indemnity Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 22nd were paid a $0.35 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.40 annualized dividend and a dividend yield of 4.8%. Global Indemnity Group’s dividend payout ratio is presently 72.92%.

Insider Activity at Global Indemnity Group

In other news, CEO Joseph W. Brown purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were bought at an average cost of $25.98 per share, with a total value of $129,900.00. Following the completion of the transaction, the chief executive officer directly owned 179,904 shares of the company’s stock, valued at approximately $4,673,905.92. This trade represents a 2.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 52.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Global Indemnity Group

Institutional investors have recently added to or reduced their stakes in the company. State of Wyoming lifted its position in shares of Global Indemnity Group by 70.5% during the 2nd quarter. State of Wyoming now owns 4,524 shares of the insurance provider’s stock worth $142,000 after buying an additional 1,870 shares in the last quarter. Flagship Capital Management Inc. purchased a new position in Global Indemnity Group in the fourth quarter valued at about $241,000. Maryland Capital Advisors Inc. purchased a new position in Global Indemnity Group in the fourth quarter valued at approximately $330,000. Cove Street Capital LLC grew its holdings in Global Indemnity Group by 5.6% during the third quarter. Cove Street Capital LLC now owns 18,746 shares of the insurance provider’s stock valued at $545,000 after purchasing an additional 1,000 shares during the period. Finally, Boston Partners increased its position in Global Indemnity Group by 5.0% in the third quarter. Boston Partners now owns 137,170 shares of the insurance provider’s stock worth $3,985,000 after buying an additional 6,552 shares during the last quarter. 37.40% of the stock is owned by institutional investors.

About Global Indemnity Group

Global Indemnity Group (NASDAQ: GBLI) is a specialty property and casualty insurance holding company headquartered in Princeton, New Jersey. Through its subsidiaries, the company focuses on underwriting commercial niche insurance products designed to meet the needs of small to mid-sized businesses and select specialty markets. Its approach centers on disciplined underwriting, customized policy structures and targeted distribution channels to address coverage gaps often underserved by standard carriers.

The company’s product portfolio encompasses surety and fidelity bonds, workers’ compensation, general liability, commercial auto, professional liability and environmental liability.