BidaskClub upgraded shares of Global Indemnity (NASDAQ:GBLI) from a strong sell rating to a sell rating in a research note published on Tuesday morning.
Separately, TheStreet downgraded shares of Global Indemnity from a b rating to a c+ rating in a report on Thursday, March 1st.
Shares of Global Indemnity (NASDAQ:GBLI) opened at $36.95 on Tuesday. The company has a market cap of $537.54, a price-to-earnings ratio of -64.82 and a beta of 1.00. Global Indemnity has a twelve month low of $34.00 and a twelve month high of $49.91.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, March 20th.
In other news, Director Bruce R. Lederman bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average cost of $37.19 per share, for a total transaction of $37,190.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 53.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of GBLI. Northern Trust Corp lifted its stake in shares of Global Indemnity by 4.9% in the 2nd quarter. Northern Trust Corp now owns 103,718 shares of the insurance provider’s stock valued at $4,021,000 after purchasing an additional 4,846 shares during the period. Vanguard Group Inc. lifted its stake in shares of Global Indemnity by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 413,211 shares of the insurance provider’s stock valued at $16,021,000 after purchasing an additional 1,206 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Global Indemnity by 1.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,678 shares of the insurance provider’s stock valued at $453,000 after purchasing an additional 158 shares during the period. State Street Corp lifted its stake in shares of Global Indemnity by 1.2% in the 2nd quarter. State Street Corp now owns 178,532 shares of the insurance provider’s stock valued at $6,921,000 after purchasing an additional 2,189 shares during the period. Finally, Boston Partners lifted its stake in shares of Global Indemnity by 3.1% in the 3rd quarter. Boston Partners now owns 321,168 shares of the insurance provider’s stock valued at $13,618,000 after purchasing an additional 9,599 shares during the period. Hedge funds and other institutional investors own 45.41% of the company’s stock.
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Global Indemnity Company Profile
Global Indemnity Limited is a holding company. The Company, through its subsidiary insurance and reinsurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance across the world.
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