Investment analysts at StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Get 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
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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