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

Research analysts at StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Get Free Report) in a research note issued on Tuesday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

Shares of NASDAQ:GBLI traded up $0.03 during trading on Tuesday, reaching $30.66. The stock had a trading volume of 308 shares, compared to its average volume of 5,230. The firm’s fifty day moving average is $31.39 and its 200 day moving average is $30.66. Global Indemnity Group has a 52 week low of $26.50 and a 52 week high of $37.00. The stock has a market cap of $416.98 million, a price-to-earnings ratio of 12.37 and a beta of 0.44.

Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.17. Global Indemnity Group had a net margin of 6.98% and a return on equity of 5.40%. The business had revenue of $112.29 million for the quarter, compared to analyst estimates of $90.00 million. On average, research analysts forecast that Global Indemnity Group will post 2.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Cannell Capital LLC bought a new position in Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent SEC filing. 37.40% of the stock is currently owned by hedge funds and other institutional investors.

Global Indemnity Group Company Profile

(Get Free Report)

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.

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