Global Indemnity Group Insider Transactions: CEO Joseph Brown Buys $150k Worth of Shares and Insider Ownership Reaches 6.8%

Global Indemnity Group insider Praveen Reddy recently bought 65% more shares at $57k, boosting their shareholding. Over the last year, the biggest single purchase was by CEO Joseph Brown, who bought $150k worth of shares at $30.00 per share. Insiders were buying but not selling shares, with 6.8% ownership by insiders.

Global Indemnity Group, LLC (NASDAQ: GBLI) has seen significant insider buying activity recently, with CEO Praveen Kotha Reddy increasing his stake in the company. On August 8, 2025, Reddy acquired 2,000 shares at an average cost of $28.30, boosting his total holdings to 5,100 shares [1]. This represents a 64.52% increase in his position, indicating strong confidence in the company's prospects.

Over the past year, insiders have been active buyers of Global Indemnity Group stock. The biggest single purchase was made by CEO Joseph Brown, who bought $150,000 worth of shares at $30.00 per share. Insiders currently hold 6.8% of the company's shares, signaling their belief in the company's long-term potential [1].

The company has also seen a rise in institutional investor interest. The State of Wyoming, for instance, increased its stake by 56.3% in the 4th quarter of 2024, owning 1,901 shares after purchasing an additional 685 shares [1]. This increase highlights growing institutional interest in the company.

Global Indemnity Group recently paid a quarterly dividend of $0.35, resulting in an annualized dividend yield of 4.9% [1]. The company's payout ratio is currently 70.71%, indicating that a significant portion of earnings is being returned to shareholders.

Wall Street analysts have also shown interest in the company, with Zenith Investment Research initiating coverage and assigning a "buy" rating [1]. This positive sentiment from both insiders and analysts suggests that Global Indemnity Group is well-positioned for future growth.

References:
[1] https://www.marketbeat.com/instant-alerts/insider-buying-global-indemnity-group-llc-nasdaqgbli-ceo-acquires-2000-shares-of-stock-2025-08-11/