Brokers Issue Forecasts for Global Indemnity Group, LLC’s Q1 2024 Earnings (NASDAQ:GBLI)
Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) – Research analysts at Zacks Small Cap issued their Q1 2024 earnings per share (EPS) estimates for Global Indemnity Group in a report issued on Wednesday, March 20th. Zacks Small Cap analyst T. Kerr anticipates that the insurance provider will post earnings of $0.60 per share for the quarter. The consensus estimate for Global Indemnity Group’s current full-year earnings is $2.98 per share. Zacks Small Cap also issued estimates for Global Indemnity Group’s Q2 2024 earnings at $0.63 EPS, Q3 2024 earnings at $0.69 EPS and Q4 2024 earnings at $0.53 EPS.
Separately, StockNews.com started coverage on Global Indemnity Group in a research report on Wednesday. They issued a “buy” rating for the company.
Read Our Latest Report on GBLI
Global Indemnity Group Price Performance
Shares of NASDAQ:GBLI opened at $29.01 on Friday. Global Indemnity Group has a fifty-two week low of $25.21 and a fifty-two week high of $37.00. The business has a 50-day moving average of $29.49 and a two-hundred day moving average of $32.11. The stock has a market capitalization of $392.80 million, a P/E ratio of 15.85 and a beta of 0.46.
Global Indemnity Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, March 20th. This is a boost from Global Indemnity Group’s previous quarterly dividend of $0.25. Global Indemnity Group’s payout ratio is currently 76.50%.
Hedge Funds Weigh In On Global Indemnity Group
Several large investors have recently made changes to their positions in the business. RBF Capital LLC raised its holdings in Global Indemnity Group by 288.1% in the 1st quarter. RBF Capital LLC now owns 176,387 shares of the insurance provider’s stock valued at $4,963,000 after acquiring an additional 130,941 shares in the last quarter. Cannell Capital LLC acquired a new position in Global Indemnity Group in the 4th quarter valued at approximately $3,562,000. Cove Street Capital LLC grew its stake in shares of Global Indemnity Group by 25.3% in the 2nd quarter. Cove Street Capital LLC now owns 102,565 shares of the insurance provider’s stock valued at $3,445,000 after purchasing an additional 20,683 shares during the period. Ellsworth Advisors LLC bought a new stake in shares of Global Indemnity Group in the 3rd quarter valued at approximately $393,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Global Indemnity Group by 4.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 288,239 shares of the insurance provider’s stock valued at $9,901,000 after purchasing an additional 11,055 shares during the period. Institutional investors and hedge funds own 37.69% of the company’s stock.
About Global Indemnity Group
Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products worldwide. It operates in two segments, Commercial Specialty and Reinsurance Operations. The Commercial Specialty segment distributes property and casualty insurance products; and general liability products for small commercial businesses through a network of wholesale general agents.
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