StockNews.com Begins Coverage on Global Indemnity Group (NASDAQ:GBLI)

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

Global Indemnity Group Stock Performance

NASDAQ GBLI opened at $36.00 on Monday. The stock has a market capitalization of $492.84 million, a P/E ratio of 12.37 and a beta of 0.42. Global Indemnity Group has a 52 week low of $26.50 and a 52 week high of $37.00. The stock has a fifty day moving average of $34.43 and a 200-day moving average of $32.48.

Institutional Trading of Global Indemnity Group

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