Global Indemnity Group (NASDAQ:GBLI) Stock Rating Lowered by StockNews.com

Global Indemnity Group (NASDAQ:GBLIGet Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Global Indemnity Group Price Performance

NASDAQ GBLI opened at $28.95 on Thursday. Global Indemnity Group has a 1 year low of $25.21 and a 1 year high of $37.00. The company has a market capitalization of $393.14 million, a PE ratio of 15.82 and a beta of 0.46. The company has a fifty day moving average of $29.32 and a two-hundred day moving average of $31.98.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in Global Indemnity Group by 1.5% in the first quarter. Ameriprise Financial Inc. now owns 312,084 shares of the insurance provider’s stock valued at $8,785,000 after buying an additional 4,491 shares in the last quarter. RBF Capital LLC grew its position in shares of Global Indemnity Group by 9.7% in the second quarter. RBF Capital LLC now owns 193,475 shares of the insurance provider’s stock valued at $6,500,000 after purchasing an additional 17,088 shares during the last quarter. Cannell Capital LLC acquired a new stake in shares of Global Indemnity Group in the fourth quarter valued at approximately $3,562,000. Renaissance Technologies LLC grew its position in shares of Global Indemnity Group by 7.1% in the first quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock valued at $2,195,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Global Indemnity Group in the third quarter valued at approximately $393,000. 37.40% of the stock is owned by hedge funds and other institutional investors.

About Global Indemnity Group

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Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products worldwide. It operates in two segments, Commercial Specialty and Reinsurance Operations. The Commercial Specialty segment distributes property and casualty insurance products; and general liability products for small commercial businesses through a network of wholesale general agents.

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