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

StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Price Performance

Shares of GBLI opened at $36.39 on Friday. The company has a market capitalization of $498.18 million, a PE ratio of 12.51 and a beta of 0.43. Global Indemnity Group has a one year low of $26.50 and a one year high of $37.00. The company’s fifty day moving average price is $34.08 and its 200 day moving average price is $32.30.

Institutional Trading of Global Indemnity Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boston Partners bought a new stake in Global Indemnity Group in the 1st quarter valued at $2,488,000. Harbor Capital Advisors Inc. increased its holdings in shares of Global Indemnity Group by 223.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider’s stock worth $892,000 after purchasing an additional 19,830 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Global Indemnity Group during the second quarter valued at about $55,000. Institutional investors and hedge funds own 37.40% of the company’s stock.

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.