Global Indemnity Group (NASDAQ:GBLI) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLIGet Rating) in a research report issued on Wednesday. The firm set a “hold” rating on the insurance provider’s stock.

Separately, TheStreet raised shares of Global Indemnity Group from a “c” rating to a “b-” rating in a research note on Friday, March 11th.

NASDAQ GBLI opened at $26.01 on Wednesday. The business has a 50 day simple moving average of $26.29 and a 200 day simple moving average of $26.13. Global Indemnity Group has a 52-week low of $23.97 and a 52-week high of $28.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $377.82 million, a price-to-earnings ratio of 45.63 and a beta of 0.22.

Global Indemnity Group (NASDAQ:GBLIGet Rating) last issued its quarterly earnings results on Monday, May 9th. The insurance provider reported $0.36 earnings per share for the quarter. The company had revenue of $130.46 million during the quarter. Global Indemnity Group had a net margin of 1.39% and a return on equity of 1.80%.

In other Global Indemnity Group news, Director Seth Gersch purchased 3,000 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was acquired at an average price of $26.66 per share, with a total value of $79,980.00. Following the acquisition, the director now directly owns 174,471 shares of the company’s stock, valued at approximately $4,651,396.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 43.70% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Berkley W R Corp acquired a new stake in shares of Global Indemnity Group during the first quarter worth $15,427,000. Renaissance Technologies LLC lifted its holdings in shares of Global Indemnity Group by 7.1% during the 1st quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock worth $2,195,000 after acquiring an additional 5,600 shares during the period. RBF Capital LLC acquired a new stake in shares of Global Indemnity Group during the 1st quarter worth approximately $533,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Global Indemnity Group by 22.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 11,000 shares of the insurance provider’s stock worth $287,000 after acquiring an additional 2,000 shares in the last quarter. 88.18% of the stock is owned by institutional investors.

Global Indemnity Group Company Profile (Get Rating)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.

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