Bruce Lederman Buys 503 Shares of Global Indemnity Group (NASDAQ:GBLI) Stock

Global Indemnity Group, LLC (NASDAQ:GBLI) Director Bruce Lederman purchased 503 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The shares were purchased at an average cost of $32.78 per share, with a total value of $16,488.34. Following the completion of the purchase, the director owned 74,351 shares in the company, valued at $2,437,225.78. This trade represents a 0.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Global Indemnity Group Price Performance

Global Indemnity Group stock opened at $27.55 on Friday. Global Indemnity Group, LLC has a 1-year low of $25.88 and a 1-year high of $34.70. The firm has a market capitalization of $395.34 million, a P/E ratio of 16.11 and a beta of 0.40. The company’s 50-day moving average is $28.33 and its 200 day moving average is $28.51.

Global Indemnity Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 20th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, March 20th. Global Indemnity Group’s dividend payout ratio (DPR) is currently 81.87%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Global Indemnity Group

Several large investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC grew its stake in Global Indemnity Group by 190.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 954 shares in the last quarter. State of Wyoming raised its stake in shares of Global Indemnity Group by 70.5% during the second quarter. State of Wyoming now owns 4,524 shares of the insurance provider’s stock valued at $142,000 after acquiring an additional 1,870 shares in the last quarter. Flagship Capital Management Inc. purchased a new stake in shares of Global Indemnity Group in the fourth quarter valued at approximately $241,000. Maryland Capital Advisors Inc. bought a new position in Global Indemnity Group in the fourth quarter worth approximately $330,000. Finally, Cove Street Capital LLC grew its stake in Global Indemnity Group by 5.6% in the third quarter. Cove Street Capital LLC now owns 18,746 shares of the insurance provider’s stock worth $545,000 after purchasing an additional 1,000 shares in the last quarter. 37.40% of the stock is owned by hedge funds and other 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.