Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) – Research analysts at Zacks Small Cap increased their Q3 2023 earnings per share (EPS) estimates for Global Indemnity Group in a report released on Wednesday, August 9th. Zacks Small Cap analyst T. Kerr now forecasts that the insurance provider will post earnings per share of $0.79 for the quarter, up from their prior estimate of $0.76. The consensus estimate for Global Indemnity Group’s current full-year earnings is $2.35 per share. Zacks Small Cap also issued estimates for Global Indemnity Group’s Q4 2023 earnings at $0.80 EPS.
A number of other research analysts have also recently commented on GBLI. TheStreet raised Global Indemnity Group from a “c+” rating to a “b+” rating in a research note on Wednesday, May 31st. StockNews.com started coverage on Global Indemnity Group in a research note on Saturday, June 24th. They issued a “buy” rating on the stock.
Global Indemnity Group Stock Down 1.2 %
GBLI opened at $34.96 on Friday. The stock has a market cap of $476.85 million, a PE ratio of 13.50 and a beta of 0.43. Global Indemnity Group has a 52 week low of $20.52 and a 52 week high of $35.97. The business’s fifty day simple moving average is $33.28 and its 200 day simple moving average is $29.94.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 10th. The insurance provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.46). The business had revenue of $150.91 million during the quarter, compared to analysts’ expectations of $153.00 million. Global Indemnity Group had a return on equity of 3.58% and a net margin of 5.90%.
Global Indemnity Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, June 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. Global Indemnity Group’s dividend payout ratio (DPR) is currently 38.61%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. First Republic Investment Management Inc. purchased a new stake in shares of Global Indemnity Group during the second quarter worth about $259,000. Renaissance Technologies LLC boosted its holdings in shares of Global Indemnity Group by 36.5% during the second quarter. Renaissance Technologies LLC now owns 11,214 shares of the insurance provider’s stock worth $377,000 after purchasing an additional 3,000 shares during the period. Cove Street Capital LLC lifted its holdings in Global Indemnity Group by 2.1% in the first quarter. Cove Street Capital LLC now owns 81,882 shares of the insurance provider’s stock worth $2,305,000 after buying an additional 1,647 shares during the period. RBF Capital LLC lifted its holdings in Global Indemnity Group by 288.1% in the first quarter. RBF Capital LLC now owns 176,387 shares of the insurance provider’s stock worth $4,963,000 after buying an additional 130,941 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Global Indemnity Group by 1.5% in the first quarter. Ameriprise Financial Inc. now owns 312,084 shares of the insurance provider’s stock worth $8,785,000 after buying an additional 4,491 shares during the period. 39.52% of the stock is owned by institutional investors.
Global Indemnity Group Company Profile
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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