Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note issued on Tuesday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Trading Down 1.0 %

Shares of Global Indemnity Group stock opened at $31.94 on Tuesday. The company has a fifty day simple moving average of $31.08 and a 200-day simple moving average of $30.83. Global Indemnity Group has a 12-month low of $26.50 and a 12-month high of $37.00. The stock has a market cap of $434.45 million, a price-to-earnings ratio of 12.88 and a beta of 0.44.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in Global Indemnity Group during the 2nd quarter worth $55,000. Harbor Capital Advisors Inc. boosted its stake in Global Indemnity Group by 223.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider’s stock worth $892,000 after purchasing an additional 19,830 shares during the period. Boston Partners acquired a new stake in Global Indemnity Group during the 1st quarter worth $2,488,000. Finally, Cannell Capital LLC acquired a new stake in Global Indemnity Group during the 4th quarter worth $3,562,000. 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.