Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

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

Global Indemnity Group Price Performance

Shares of NASDAQ GBLI opened at $35.65 on Wednesday. The firm has a market cap of $487.98 million, a P/E ratio of 12.25 and a beta of 0.42. Global Indemnity Group has a twelve month low of $27.47 and a twelve month high of $37.00. The company has a 50 day moving average of $35.11 and a 200 day moving average of $32.93.

Hedge Funds Weigh In On Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Innealta Capital LLC acquired a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. Institutional investors own 37.40% of the company’s stock.

Global Indemnity Group Company Profile

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.