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

Analysts at StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note issued on Friday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Trading Down 0.4 %

Shares of NASDAQ GBLI opened at $36.22 on Friday. The stock’s 50-day moving average is $35.55 and its 200 day moving average is $33.27. The stock has a market cap of $495.78 million, a price-to-earnings ratio of 12.45 and a beta of 0.42. Global Indemnity Group has a 1-year low of $27.47 and a 1-year high of $37.00.

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.