Harbor Capital Advisors Inc. Has $892,000 Holdings in Global Indemnity Group, LLC (NASDAQ:GBLI)

Harbor Capital Advisors Inc. increased its stake in Global Indemnity Group, LLC (NASDAQ:GBLI) by 223.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,696 shares of the insurance provider’s stock after buying an additional 19,830 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.21% of Global Indemnity Group worth $892,000 as of its most recent SEC filing.

Separately, Boston Partners acquired a new stake in shares of Global Indemnity Group in the 1st quarter valued at approximately $2,488,000. Institutional investors and hedge funds own 37.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Global Indemnity Group in a report on Saturday. They set a “buy” rating for the company.

Global Indemnity Group Stock Performance

Shares of GBLI stock traded down $0.11 during midday trading on Wednesday, hitting $31.50. 1,328 shares of the company were exchanged, compared to its average volume of 4,752. Global Indemnity Group, LLC has a 52 week low of $26.50 and a 52 week high of $37.00. The firm has a market capitalization of $428.40 million, a P/E ratio of 12.75 and a beta of 0.44. The firm’s 50 day moving average price is $30.96 and its two-hundred day moving average price is $30.60.

Global Indemnity Group (NASDAQ:GBLI) last issued its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.17. Global Indemnity Group had a net margin of 6.98% and a return on equity of 5.40%. The firm had revenue of $112.29 million during the quarter, compared to the consensus estimate of $90.00 million. Analysts expect that Global Indemnity Group, LLC will post 2.55 EPS for the current year.

Global Indemnity Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $1.40 annualized dividend and a yield of 4.44%. Global Indemnity Group’s dividend payout ratio (DPR) is presently 56.45%.

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, Penn-America and Non-Core Operations. The company distributes property and general liability products for small commercial businesses through a network of wholesale general agents; and property and general liability niche products through program administrators with specific binding authority.