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

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

Global Indemnity Group Trading Up 2.9 %

NASDAQ GBLI opened at $35.00 on Friday. The company’s fifty day simple moving average is $33.70 and its 200-day simple moving average is $32.17. Global Indemnity Group has a 52 week low of $26.50 and a 52 week high of $37.00. The stock has a market cap of $479.15 million, a P/E ratio of 12.03 and a beta of 0.43.

Institutional Trading of Global Indemnity Group

Several institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new stake in Global Indemnity Group in the second quarter valued at $55,000. Harbor Capital Advisors Inc. raised its holdings in Global Indemnity Group by 223.7% in the second quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider’s stock valued at $892,000 after acquiring an additional 19,830 shares in the last quarter. Finally, Boston Partners acquired a new stake in Global Indemnity Group in the first quarter valued at $2,488,000. 37.40% of the stock is owned by institutional investors and hedge funds.

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.