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

Analysts at StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a report released on Wednesday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 2.3 %

GBLI opened at $35.65 on Wednesday. The business has a fifty day moving average of $35.05 and a 200 day moving average of $32.89. The stock has a market cap of $487.98 million, a P/E ratio of 12.25 and a beta of 0.42. Global Indemnity Group has a 52-week low of $27.47 and a 52-week high of $37.00.

Institutional Trading of Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Innealta Capital LLC bought a new position in Global Indemnity Group, LLC (NASDAQ:GBLI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. Institutional investors own 37.40% of the company’s stock.

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.