Northern Trust Corp increased its holdings in Global Indemnity Ltd (NASDAQ:GBLI) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,887 shares of the insurance provider’s stock after purchasing an additional 4,204 shares during the period. Northern Trust Corp owned approximately 0.72% of Global Indemnity worth $3,154,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Global Indemnity by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,630 shares of the insurance provider’s stock worth $1,073,000 after purchasing an additional 1,164 shares in the last quarter. Bank of Montreal Can boosted its holdings in Global Indemnity by 142.3% in the second quarter. Bank of Montreal Can now owns 1,112 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 653 shares in the last quarter. Swiss National Bank boosted its holdings in Global Indemnity by 113.9% in the second quarter. Swiss National Bank now owns 16,900 shares of the insurance provider’s stock worth $523,000 after purchasing an additional 9,000 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Global Indemnity in the second quarter worth $133,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.
A number of research analysts have weighed in on GBLI shares. BidaskClub lowered shares of Global Indemnity from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. ValuEngine raised shares of Global Indemnity from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th.
Global Indemnity (NASDAQ:GBLI) last released its earnings results on Wednesday, August 7th. The insurance provider reported $1.02 earnings per share for the quarter. The firm had revenue of $146.14 million during the quarter. Global Indemnity had a negative net margin of 6.57% and a negative return on equity of 2.95%.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Thursday, September 26th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Wednesday, September 25th.
Global Indemnity Profile
Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States and internationally. The company operates through three segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Commercial Lines segment distributes property, general liability, casualty, and professional lines products, as well as products for vacant, and under construction and renovation dwellings.
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