Global Indemnity Group (NASDAQ:GBLI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLIGet Rating) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Separately, TheStreet upgraded shares of Global Indemnity Group from a “c” rating to a “b-” rating in a research note on Friday, March 11th.

GBLI stock opened at $25.97 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Global Indemnity Group has a 52-week low of $23.97 and a 52-week high of $31.98. The company has a 50-day moving average of $26.18 and a two-hundred day moving average of $26.08. The stock has a market capitalization of $376.07 million, a price-to-earnings ratio of 13.18 and a beta of 0.23.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. lifted its stake in shares of Global Indemnity Group by 40.0% in the third quarter. Cullen Frost Bankers Inc. now owns 7,000 shares of the insurance provider’s stock valued at $191,000 after buying an additional 2,000 shares during the period. Morgan Stanley lifted its stake in shares of Global Indemnity Group by 56.8% in the second quarter. Morgan Stanley now owns 13,893 shares of the insurance provider’s stock valued at $375,000 after buying an additional 5,032 shares during the period. Cannell Capital LLC bought a new stake in shares of Global Indemnity Group in the third quarter valued at about $853,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Global Indemnity Group by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider’s stock valued at $1,974,000 after buying an additional 4,700 shares during the period. Institutional investors and hedge funds own 88.11% of the company’s stock.

Global Indemnity Group Company Profile (Get Rating)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.

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