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

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

Global Indemnity Group Price Performance

GBLI opened at $36.04 on Tuesday. The company has a market capitalization of $493.32 million, a price-to-earnings ratio of 12.38 and a beta of 0.42. The business’s 50-day moving average price is $34.86 and its two-hundred day moving average price is $32.74. Global Indemnity Group has a 1 year low of $27.47 and a 1 year high of $37.00.

Hedge Funds Weigh In On Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Innealta Capital LLC bought a new position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. Institutional investors 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.