Global Indemnity Group (NASDAQ:GBLI) Now Covered by 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 Friday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 0.3 %

Shares of Global Indemnity Group stock opened at $34.40 on Friday. Global Indemnity Group has a 52-week low of $28.37 and a 52-week high of $37.00. The company has a 50 day moving average of $35.35 and a 200 day moving average of $34.44. The company has a market capitalization of $470.87 million, a P/E ratio of 11.82 and a beta of 0.46.

Institutional Trading of Global Indemnity Group

Institutional investors have recently bought and sold shares of the business. Cannell Capital LLC raised its position in shares of Global Indemnity Group by 23.1% during the 4th quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider’s stock worth $8,854,000 after acquiring an additional 46,167 shares in the last quarter. Boston Partners increased its stake in Global Indemnity Group by 34.9% in the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider’s stock valued at $3,742,000 after purchasing an additional 26,893 shares during the last quarter. Huber Capital Management LLC acquired a new stake in Global Indemnity Group during the fourth quarter worth approximately $232,000. Finally, State of Wyoming lifted its position in shares of Global Indemnity Group by 56.3% during the 4th quarter. State of Wyoming now owns 1,901 shares of the insurance provider’s stock worth $68,000 after buying an additional 685 shares during the last quarter. 37.40% of the stock is owned by hedge funds and other 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.