Insider Buying: Global Indemnity Group (NASDAQ:GBLI) Director Purchases $16,488.34 in Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) Director Bruce Lederman acquired 503 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were bought at an average cost of $32.78 per share, for a total transaction of $16,488.34. Following the completion of the acquisition, the director directly owned 74,351 shares of the company’s stock, valued at approximately $2,437,225.78. This represents a 0.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Global Indemnity Group Price Performance

Shares of NASDAQ:GBLI opened at $27.55 on Friday. The business’s fifty day moving average price is $28.33 and its two-hundred day moving average price is $28.50. Global Indemnity Group, LLC has a fifty-two week low of $25.88 and a fifty-two week high of $34.70. The stock has a market capitalization of $395.37 million, a price-to-earnings ratio of 16.11 and a beta of 0.40.

Global Indemnity Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 20th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, March 20th. Global Indemnity Group’s payout ratio is presently 81.87%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Indemnity Group in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GBLI. Clearstead Advisors LLC grew its position in shares of Global Indemnity Group by 190.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock worth $41,000 after buying an additional 954 shares during the period. State of Wyoming increased its stake in Global Indemnity Group by 23.8% in the fourth quarter. State of Wyoming now owns 4,898 shares of the insurance provider’s stock valued at $139,000 after purchasing an additional 942 shares in the last quarter. Flagship Capital Management Inc. acquired a new stake in Global Indemnity Group in the fourth quarter worth $241,000. Maryland Capital Advisors Inc. acquired a new stake in Global Indemnity Group during the 4th quarter worth $330,000. Finally, Cove Street Capital LLC raised its stake in Global Indemnity Group by 5.6% during the 3rd quarter. Cove Street Capital LLC now owns 18,746 shares of the insurance provider’s stock worth $545,000 after buying an additional 1,000 shares during the period. 37.40% of the stock is currently 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.