Renaissance Technologies LLC Boosts Holdings in Global Indemnity Ltd (GBLI)

Renaissance Technologies LLC raised its position in Global Indemnity Ltd (NASDAQ:GBLI) by 7.6% in the 2nd quarter, Holdings Channel reports. The firm owned 117,664 shares of the insurance provider’s stock after buying an additional 8,300 shares during the period. Renaissance Technologies LLC’s holdings in Global Indemnity were worth $4,587,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP raised its position in Global Indemnity by 18.3% in the second quarter. First Trust Advisors LP now owns 8,221 shares of the insurance provider’s stock valued at $320,000 after purchasing an additional 1,273 shares during the last quarter. Brown Advisory Inc. bought a new position in Global Indemnity in the second quarter valued at about $621,000. Schwab Charles Investment Management Inc. raised its position in Global Indemnity by 8.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 42,513 shares of the insurance provider’s stock valued at $1,468,000 after purchasing an additional 3,404 shares during the last quarter. Finally, BlackRock Inc. raised its position in Global Indemnity by 7.3% in the second quarter. BlackRock Inc. now owns 668,965 shares of the insurance provider’s stock valued at $26,076,000 after purchasing an additional 45,321 shares during the last quarter. Hedge funds and other institutional investors own 55.81% of the company’s stock.

Global Indemnity stock opened at $37.00 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $535.91 million, a price-to-earnings ratio of 51.64 and a beta of 0.94. Global Indemnity Ltd has a 12 month low of $32.22 and a 12 month high of $49.91.

Global Indemnity (NASDAQ:GBLI) last posted its earnings results on Tuesday, August 7th. The insurance provider reported $0.79 EPS for the quarter. The firm had revenue of $128.03 million during the quarter. Global Indemnity had a positive return on equity of 1.06% and a negative net margin of 3.87%.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Thursday, September 27th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $1.00 annualized dividend and a yield of 2.70%.

Several equities analysts have commented on the company. BidaskClub downgraded Global Indemnity from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. TheStreet downgraded Global Indemnity from a “b” rating to a “c+” rating in a research report on Friday, August 17th.

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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Institutional Ownership by Quarter for Global Indemnity (NASDAQ:GBLI)

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