Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLIGet Rating) in a report issued on Wednesday. The firm set a “hold” rating on the insurance provider’s stock.

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

GBLI opened at $26.00 on Wednesday. The company has a 50 day moving average of $26.18 and a 200 day moving average of $26.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Global Indemnity Group has a 12 month low of $23.97 and a 12 month high of $31.98. The company has a market cap of $376.51 million, a PE ratio of 13.20 and a beta of 0.23.

A number of institutional investors have recently modified their holdings of GBLI. Cannell Capital LLC purchased a new position in Global Indemnity Group in the third quarter worth about $853,000. Morgan Stanley raised its holdings in shares of Global Indemnity Group by 56.8% during the second quarter. Morgan Stanley now owns 13,893 shares of the insurance provider’s stock valued at $375,000 after purchasing an additional 5,032 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Global Indemnity Group by 6.4% during the fourth quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider’s stock valued at $1,974,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Global Indemnity Group by 28.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 2,000 shares during the last quarter. 88.11% of the stock is owned by institutional investors and hedge funds.

About Global Indemnity Group (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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