Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

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

Global Indemnity Group Trading Up 2.8 %

Global Indemnity Group stock opened at $35.56 on Monday. The firm has a 50 day simple moving average of $35.81 and a 200 day simple moving average of $33.81. Global Indemnity Group has a 1-year low of $27.47 and a 1-year high of $37.00. The firm has a market capitalization of $486.87 million, a price-to-earnings ratio of 12.22 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings results on Thursday, November 7th. The insurance provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.41. The business had revenue of $111.76 million during the quarter, compared to the consensus estimate of $123.00 million. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. During the same period in the previous year, the firm posted ($0.05) earnings per share. On average, equities research analysts forecast that Global Indemnity Group will post 3.25 EPS for the current year.

About Global Indemnity Group

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.