Global Indemnity Group (NASDAQ:GBLI) Earns Buy Rating from Analysts at StockNews.com

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

Global Indemnity Group Stock Down 1.4 %

Shares of GBLI opened at $35.63 on Friday. The business’s fifty day moving average is $35.69 and its 200 day moving average is $33.62. Global Indemnity Group has a 12-month low of $27.47 and a 12-month high of $37.00. The stock has a market cap of $487.79 million, a P/E ratio of 12.24 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI) last released its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.41. The firm had revenue of $111.76 million for the quarter, compared to analyst estimates 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 last year, the firm earned ($0.05) earnings per share. On average, analysts expect that Global Indemnity Group will post 3.25 EPS for the current year.

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.