Q3 2022 Earnings Estimate for Global Indemnity Group, LLC (NASDAQ:GBLI) Issued By Zacks Small Cap

Global Indemnity Group, LLC (NASDAQ:GBLIGet Rating) – Equities researchers at Zacks Small Cap issued their Q3 2022 earnings estimates for Global Indemnity Group in a research report issued to clients and investors on Tuesday, September 13th. Zacks Small Cap analyst T. Kerr forecasts that the insurance provider will post earnings of $1.45 per share for the quarter. Zacks Small Cap also issued estimates for Global Indemnity Group’s Q4 2022 earnings at $0.50 EPS, FY2022 earnings at $0.08 EPS, Q1 2023 earnings at $0.58 EPS, Q2 2023 earnings at $0.61 EPS, Q3 2023 earnings at $0.66 EPS, Q4 2023 earnings at $0.70 EPS and FY2023 earnings at $2.54 EPS.

Separately, StockNews.com started coverage on shares of Global Indemnity Group in a research report on Saturday, September 10th. They issued a “hold” rating on the stock.

Global Indemnity Group Stock Performance

Shares of Global Indemnity Group stock opened at $23.90 on Friday. The company’s 50-day moving average price is $25.55 and its two-hundred day moving average price is $25.97. Global Indemnity Group has a 52 week low of $23.32 and a 52 week high of $27.99. The stock has a market cap of $347.27 million, a PE ratio of -34.14 and a beta of 0.26.

Insider Buying and Selling

In related news, insider David S. Charlton purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average price of $25.24 per share, with a total value of $126,200.00. Following the purchase, the insider now owns 5,000 shares of the company’s stock, valued at approximately $126,200. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Global Indemnity Group news, Director Joseph W. Brown bought 10,000 shares of the stock in a transaction on Thursday, August 18th. The shares were bought at an average price of $25.85 per share, with a total value of $258,500.00. Following the purchase, the director now directly owns 139,979 shares in the company, valued at approximately $3,618,457.15. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David S. Charlton bought 5,000 shares of the stock in a transaction on Friday, August 12th. The shares were acquired at an average cost of $25.24 per share, for a total transaction of $126,200.00. Following the purchase, the insider now owns 5,000 shares in the company, valued at $126,200. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 18,500 shares of company stock valued at $473,355. 44.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Global Indemnity Group

Institutional investors and hedge funds have recently bought and sold shares of the business. First Republic Investment Management Inc. bought a new stake in shares of Global Indemnity Group in the 2nd quarter valued at approximately $259,000. Cullen Frost Bankers Inc. grew its stake in shares of Global Indemnity Group by 22.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 11,000 shares of the insurance provider’s stock valued at $287,000 after buying an additional 2,000 shares in the last quarter. RBF Capital LLC bought a new stake in shares of Global Indemnity Group in the 1st quarter valued at approximately $533,000. Renaissance Technologies LLC grew its stake 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 valued at $2,195,000 after buying an additional 5,600 shares in the last quarter. Finally, Berkley W R Corp bought a new stake in shares of Global Indemnity Group in the 1st quarter valued at approximately $15,427,000. Hedge funds and other institutional investors own 49.28% of the company’s stock.

Global Indemnity Group Company Profile

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Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.

Further Reading

Earnings History and Estimates for Global Indemnity Group (NASDAQ:GBLI)

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