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 report released on Tuesday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 2.4 %

NASDAQ GBLI opened at $35.37 on Tuesday. The company has a 50-day simple moving average of $34.77 and a two-hundred day simple moving average of $32.69. Global Indemnity Group has a 12-month low of $27.47 and a 12-month high of $37.00. The firm has a market cap of $484.22 million, a price-to-earnings ratio of 12.15 and a beta of 0.42.

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 stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. 37.40% of the stock is owned by institutional investors.

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.