Global Indemnity Group (NASDAQ:GBLI) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a report released on Tuesday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

NASDAQ GBLI opened at $31.91 on Tuesday. The business’s 50 day moving average price is $30.71 and its 200-day moving average price is $31.31. Global Indemnity Group has a fifty-two week low of $25.21 and a fifty-two week high of $37.00. The company has a market cap of $433.27 million, a P/E ratio of 17.43 and a beta of 0.46.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings data 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 net margin of 4.79% and a return on equity of 4.32%. The business had revenue of $109.26 million for the quarter, compared to analysts’ expectations of $136.00 million. As a group, equities analysts predict that Global Indemnity Group will post 2.43 EPS 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 acquired a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 110,486 shares of the insurance provider’s stock, valued at approximately $3,562,000. Cannell Capital LLC owned about 0.82% of Global Indemnity Group as of its most recent SEC filing. Institutional investors and hedge funds own 37.40% of the company’s stock.

About Global Indemnity Group

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.