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

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

Global Indemnity Group Trading Down 1.5 %

NASDAQ:GBLI opened at $30.63 on Tuesday. Global Indemnity Group has a 12 month low of $26.50 and a 12 month high of $37.00. The stock has a market capitalization of $416.69 million, a price-to-earnings ratio of 12.35 and a beta of 0.45. The firm has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $30.66.

Global Indemnity Group (NASDAQ:GBLI) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.60 by $0.17. Global Indemnity Group had a return on equity of 5.40% and a net margin of 6.98%. The company had revenue of $112.29 million during the quarter, compared to the consensus estimate of $90.00 million. Equities analysts predict that Global Indemnity Group will post 2.55 earnings per share for the current fiscal year.

Institutional Trading of Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Boston Partners acquired a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 81,498 shares of the insurance provider’s stock, valued at approximately $2,488,000. Boston Partners owned approximately 0.60% of Global Indemnity Group at the end of the most recent quarter. Hedge funds and other institutional investors 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.