Global Indemnity Group (NASDAQ:GBLI) Upgraded by StockNews.com to “Buy”

Global Indemnity Group (NASDAQ:GBLI – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, TheStreet lowered shares of Global Indemnity Group from a “b+” rating to a “c+” rating in a report on Friday, March 10th.

Global Indemnity Group Stock Performance

GBLI stock opened at $27.39 on Friday. Global Indemnity Group has a 52 week low of $20.52 and a 52 week high of $30.72. The firm’s fifty day moving average is $28.59 and its 200 day moving average is $25.24. The firm has a market cap of $400.44 million, a P/E ratio of -228.25 and a beta of 0.36.

Institutional Investors Weigh In On Global Indemnity Group

A number of large investors have recently added to or reduced their stakes in the company. Berkley W R Corp grew its holdings in Global Indemnity Group by 1.5% in the 4th quarter. Berkley W R Corp now owns 919,661 shares of the insurance provider’s stock worth $21,437,000 after acquiring an additional 13,527 shares during the last quarter. Mutual Advisors LLC purchased a new stake in shares of Global Indemnity Group in the 4th quarter worth about $317,000. Cullen Frost Bankers Inc. lifted its position in shares of Global Indemnity Group by 18.2% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the insurance provider’s stock worth $287,000 after purchasing an additional 2,000 shares during the period. First Republic Investment Management Inc. purchased a new stake in shares of Global Indemnity Group in the 2nd quarter worth about $259,000. Finally, Renaissance Technologies LLC lifted its position in shares of Global Indemnity Group by 7.1% in the 1st quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock worth $2,195,000 after purchasing an additional 5,600 shares during the period. Institutional investors own 45.83% of the company’s stock.

Global Indemnity Group Company Profile

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Global Indemnity Group LLC engages in providing diversified insurance and reinsurance services. It operates through the following segments: Commercial Specialty, Farm, Ranch, and Stable, Reinsurance Operations, and Exited Lines. The Commercial Specialty segment provides specialty and casualty products designed for product lines such as small business binding authority, property brokerage, vacant express and programs.