Global Indemnity Group, LLC (GBLI) To Go Ex-Dividend on June 18th

Global Indemnity Group, LLC (NASDAQ:GBLI) declared a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Thursday, June 18th will be given a dividend of 0.35 per share by the insurance provider on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Thursday, June 18th.

Global Indemnity Group has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Global Indemnity Group has a payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Global Indemnity Group to earn $3.14 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 44.6%.

Global Indemnity Group Trading Up 0.8%

Shares of GBLI stock opened at $26.00 on Tuesday. The stock has a market capitalization of $379.86 million, a P/E ratio of 11.30 and a beta of 0.39. The firm’s 50 day moving average is $27.26 and its 200 day moving average is $27.95. Global Indemnity Group has a 12 month low of $25.63 and a 12 month high of $34.00.

Global Indemnity Group (NASDAQ:GBLI) last released its quarterly earnings data on Tuesday, May 5th. The insurance provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). Global Indemnity Group had a net margin of 7.42% and a return on equity of 5.81%. The business had revenue of $109.18 million during the quarter. On average, equities analysts predict that Global Indemnity Group will post 2.69 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Global Indemnity Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.