Research analysts at StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Get Free Report) in a research note issued to investors on Saturday. The brokerage set a "buy" rating on the insurance provider's stock.
Global Indemnity Group Price Performance
Shares of NASDAQ GBLI traded down $0.46 during mid-day trading on Friday, reaching $34.74. 2,302 shares of the company's stock traded hands, compared to its average volume of 4,117. Global Indemnity Group has a 1-year low of $27.47 and a 1-year high of $37.00. The stock has a market cap of $475.58 million, a P/E ratio of 11.94 and a beta of 0.42. The business has a 50-day simple moving average of $35.58 and a 200 day simple moving average of $33.43.
Global Indemnity Group Company Profile
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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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