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

Investment analysts at StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLIGet Rating) in a report released on Monday. The firm set a “hold” rating on the insurance provider’s stock.

Global Indemnity Group Price Performance

Global Indemnity Group stock opened at $23.51 on Monday. The company has a market capitalization of $343.62 million, a price-to-earnings ratio of 16.33 and a beta of 0.35. Global Indemnity Group has a one year low of $20.52 and a one year high of $27.66. The company’s fifty day moving average price is $22.81 and its two-hundred day moving average price is $24.87.

Institutional Investors Weigh In On Global Indemnity Group

A number of hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its stake in shares of Global Indemnity Group by 18.2% in the third quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the insurance provider’s stock valued at $287,000 after buying an additional 2,000 shares during the period. First Republic Investment Management Inc. bought a new stake in shares of Global Indemnity Group in the second quarter valued at about $259,000. Berkley W R Corp lifted its stake in shares of Global Indemnity Group by 53.2% in the second quarter. Berkley W R Corp now owns 906,134 shares of the insurance provider’s stock valued at $23,442,000 after buying an additional 314,848 shares during the period. RBF Capital LLC bought a new stake in shares of Global Indemnity Group in the first quarter valued at about $533,000. Finally, Renaissance Technologies LLC lifted its stake 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 buying an additional 5,600 shares during the period. 49.28% of the stock is currently owned by institutional investors.

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.

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