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

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

Global Indemnity Group Stock Down 1.5 %

Shares of NASDAQ GBLI opened at $30.63 on Tuesday. The firm’s 50-day moving average price is $31.39 and its 200-day moving average price is $30.66. Global Indemnity Group has a 52-week low of $26.50 and a 52-week high of $37.00. The company has a market cap of $416.69 million, a PE ratio of 12.35 and a beta of 0.45.

Global Indemnity Group (NASDAQ:GBLI) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 6.98% and a return on equity of 5.40%. As a group, equities research analysts anticipate that Global Indemnity Group will post 2.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Boston Partners acquired a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 81,498 shares of the insurance provider’s stock, valued at approximately $2,488,000. Boston Partners owned about 0.60% of Global Indemnity Group as of its most recent SEC filing. 37.40% of the stock is owned by institutional investors and hedge funds.

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.