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

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLIGet Free Report) in a note issued to investors on Thursday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Up 0.3 %

Shares of Global Indemnity Group stock opened at $29.53 on Thursday. The stock has a market cap of $399.92 million, a PE ratio of 19.18 and a beta of 0.48. Global Indemnity Group has a 12 month low of $25.21 and a 12 month high of $37.00. The business has a fifty day simple moving average of $30.73 and a 200-day simple moving average of $33.34.

Global Indemnity Group (NASDAQ:GBLIGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.84). The firm had revenue of $126.06 million for the quarter, compared to analyst estimates of $148.00 million. Global Indemnity Group had a net margin of 3.81% and a return on equity of 2.68%. Analysts expect that Global Indemnity Group will post 1.22 EPS for the current fiscal year.

Institutional Trading of Global Indemnity Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in shares of Global Indemnity Group by 1.5% in the first quarter. Ameriprise Financial Inc. now owns 312,084 shares of the insurance provider’s stock worth $8,785,000 after buying an additional 4,491 shares during the last quarter. RBF Capital LLC lifted its position in shares of Global Indemnity Group by 9.7% in the second quarter. RBF Capital LLC now owns 193,475 shares of the insurance provider’s stock worth $6,500,000 after buying an additional 17,088 shares during the last quarter. Cove Street Capital LLC lifted its position in shares of Global Indemnity Group by 25.3% in the second quarter. Cove Street Capital LLC now owns 102,565 shares of the insurance provider’s stock worth $3,445,000 after buying an additional 20,683 shares during the last quarter. Renaissance Technologies LLC lifted its position 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 worth $2,195,000 after buying an additional 5,600 shares during the last quarter. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Global Indemnity Group in the third quarter worth about $393,000. Institutional investors and hedge funds own 37.69% of the company’s stock.

About Global Indemnity Group

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Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products worldwide. It operates in two segments, Commercial Specialty and Reinsurance Operations. The Commercial Specialty segment distributes property and casualty insurance products; and general liability products for small commercial businesses through a network of wholesale general agents.

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