StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Get Free Report) in a report released on Wednesday. The brokerage set a "buy" rating on the insurance provider's stock.
Global Indemnity Group Price Performance
NASDAQ GBLI traded down $0.50 during mid-day trading on Wednesday, hitting $35.65. The company's stock had a trading volume of 18,641 shares, compared to its average volume of 4,356. The firm has a market capitalization of $487.98 million, a P/E ratio of 12.25 and a beta of 0.42. Global Indemnity Group has a 52-week low of $27.47 and a 52-week high of $37.00. The stock's fifty day simple moving average is $35.08 and its two-hundred day simple moving average is $32.91.
Hedge Funds Weigh In On Global Indemnity Group
An institutional investor recently bought a new position in Global Indemnity Group stock. Innealta Capital LLC purchased a new position in Global Indemnity Group, LLC (NASDAQ:GBLI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,768 shares of the insurance provider's stock, valued at approximately $55,000. 37.40% of the stock is owned by institutional investors.
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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