Equities research analysts at StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Get Free Report) in a note issued to investors on Sunday. The firm set a "buy" rating on the insurance provider's stock.
Global Indemnity Group Price Performance
GBLI stock traded down $0.49 during mid-day trading on Friday, hitting $35.63. 3,217 shares of the stock were exchanged, compared to its average volume of 3,198. The stock has a market capitalization of $487.79 million, a price-to-earnings ratio of 9.68 and a beta of 0.42. The business has a fifty day moving average price of $35.69 and a 200 day moving average price of $33.62. Global Indemnity Group has a 12 month low of $27.47 and a 12 month high of $37.00.
Global Indemnity Group (NASDAQ:GBLI - Get Free Report) last issued its earnings results on Thursday, November 7th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.41. The business had revenue of $111.76 million during the quarter, compared to analyst estimates of $123.00 million. Global Indemnity Group had a return on equity of 7.74% and a net margin of 9.05%. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. As a group, equities analysts forecast that Global Indemnity Group will post 3.25 EPS for the current fiscal year.
About Global Indemnity Group
(
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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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