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

Analysts at StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a note issued to investors on Monday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Trading Up 0.1 %

GBLI opened at $31.38 on Monday. Global Indemnity Group has a 1-year low of $25.21 and a 1-year high of $37.00. The stock’s fifty day simple moving average is $30.30 and its 200 day simple moving average is $31.46. The stock has a market cap of $426.14 million, a PE ratio of 17.15 and a beta of 0.47.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings results on Wednesday, March 13th. The insurance provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.75. Global Indemnity Group had a return on equity of 4.32% and a net margin of 4.79%. The business had revenue of $109.26 million for the quarter, compared to analysts’ expectations of $136.00 million. Equities analysts forecast that Global Indemnity Group will post 2.43 earnings per share for the current year.

Institutional Investors Weigh In On Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Cannell Capital LLC purchased a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 110,486 shares of the insurance provider’s stock, valued at approximately $3,562,000. Cannell Capital LLC owned 0.82% of Global Indemnity Group at the end of the most recent quarter. 37.40% of the stock is owned by institutional investors.

Global Indemnity Group Company Profile

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products worldwide. It operates in two segments, Penn-America and Non-Core Operations. The company distributes property and general liability products for small commercial businesses through a network of wholesale general agents; and property and general liability niche products through program administrators with specific binding authority.