Analysts at StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the insurance provider’s stock.
Global Indemnity Group Price Performance
NASDAQ GBLI opened at $34.00 on Tuesday. The company has a market capitalization of $462.54 million, a P/E ratio of 13.71 and a beta of 0.43. Global Indemnity Group has a 12 month low of $26.50 and a 12 month high of $36.76. The company’s 50 day simple moving average is $32.51 and its 200 day simple moving average is $31.77.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.19. The company had revenue of $108.69 million for the quarter, compared to analysts’ expectations of $114.00 million. Global Indemnity Group had a return on equity of 5.79% and a net margin of 7.66%. On average, analysts anticipate that Global Indemnity Group will post 2.71 earnings per share for the current year.
Institutional Trading of Global Indemnity Group
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.
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