Global Indemnity Group (NASDAQ:GBLI) Research Coverage Started at started coverage on shares of Global Indemnity Group (NASDAQ:GBLIGet Free Report) in a report released on Friday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Up 1.7 %

NASDAQ GBLI opened at $31.02 on Friday. The stock’s 50-day simple moving average is $31.37 and its two-hundred day simple moving average is $30.94. Global Indemnity Group has a twelve month low of $25.74 and a twelve month high of $37.00. The company has a market capitalization of $421.87 million, a price-to-earnings ratio of 12.51 and a beta of 0.46.

Global Indemnity Group (NASDAQ:GBLIGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.17. The company had revenue of $112.29 million for the quarter, compared to analysts’ expectations of $90.00 million. Global Indemnity Group had a return on equity of 5.40% and a net margin of 6.98%. On average, equities analysts expect that Global Indemnity Group will post 2.43 earnings per share for the current fiscal year.

Institutional Trading of Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Boston Partners acquired a new position in Global Indemnity Group, LLC (NASDAQ:GBLIFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 81,498 shares of the insurance provider’s stock, valued at approximately $2,488,000. Boston Partners owned 0.60% of Global Indemnity Group at the end of the most recent quarter. Institutional investors own 37.40% of the company’s stock.

About Global Indemnity Group

(Get Free Report)

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.

Read More

Receive News & Ratings for Global Indemnity Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Indemnity Group and related companies with's FREE daily email newsletter.