StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a research report report published on Monday. The brokerage issued a buy rating on the insurance provider’s stock.
Global Indemnity Group Stock Up 1.9 %
Shares of Global Indemnity Group stock opened at $31.99 on Monday. Global Indemnity Group has a 52 week low of $25.21 and a 52 week high of $37.00. The firm has a market capitalization of $434.42 million, a P/E ratio of 17.48 and a beta of 0.47. The company has a 50 day moving average price of $30.43 and a 200 day moving average price of $31.40.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last issued its earnings results on Wednesday, March 13th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.75. The company had revenue of $109.26 million during the quarter, compared to analyst estimates of $136.00 million. Global Indemnity Group had a return on equity of 4.32% and a net margin of 4.79%. As a group, research analysts anticipate that Global Indemnity Group will post 2.43 earnings per share for the current fiscal year.
Global Indemnity Group Increases Dividend
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Global Indemnity Group stock. Cannell Capital LLC purchased a new position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 110,486 shares of the insurance provider’s stock, valued at approximately $3,562,000. Cannell Capital LLC owned 0.82% of Global Indemnity Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.
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