StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a research note issued to investors on Monday. The firm issued a buy rating on the insurance provider’s stock.
Global Indemnity Group Stock Performance
NASDAQ GBLI opened at $31.38 on Monday. The firm has a 50-day moving average of $30.36 and a 200-day moving average of $31.44. The stock has a market cap of $426.14 million, a PE ratio of 15.93 and a beta of 0.47. Global Indemnity Group has a 52-week low of $25.21 and a 52-week high of $37.00.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last released its quarterly earnings results on Wednesday, March 13th. The insurance provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.75. Global Indemnity Group had a net margin of 4.79% and a return on equity of 4.32%. The business had revenue of $109.26 million for the quarter, compared to analyst estimates of $136.00 million. As a group, analysts predict that Global Indemnity Group will post 2.43 EPS for the current fiscal year.
Global Indemnity Group Increases Dividend
Hedge Funds Weigh In On Global Indemnity Group
A hedge fund recently bought a new stake in Global Indemnity Group stock. Cannell Capital LLC purchased a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 110,486 shares of the insurance provider’s stock, valued at approximately $3,562,000. Cannell Capital LLC owned about 0.82% of Global Indemnity Group at the end of the most recent quarter. Institutional investors and hedge funds own 37.40% of the company’s stock.
About Global Indemnity Group
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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