Stock analysts at StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Get Free Report) in a research report issued on Tuesday. The brokerage set a "buy" rating on the insurance provider's stock.
Global Indemnity Group Stock Performance
NASDAQ GBLI traded up $0.01 during trading on Tuesday, hitting $34.01. The stock had a trading volume of 1,615 shares, compared to its average volume of 4,246. The company has a market capitalization of $462.67 million, a PE ratio of 13.71 and a beta of 0.43. Global Indemnity Group has a 12 month low of $26.50 and a 12 month high of $36.76. The company's 50-day moving average price is $32.57 and its two-hundred day moving average price is $31.80.
Global Indemnity Group (NASDAQ:GBLI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.19. The business had revenue of $108.69 million for the quarter, compared to analyst estimates of $114.00 million. Global Indemnity Group had a net margin of 7.66% and a return on equity of 5.79%. As a group, equities analysts anticipate that Global Indemnity Group will post 2.71 earnings per share for the current fiscal year.
Institutional Trading of Global Indemnity Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in Global Indemnity Group in the second quarter valued at approximately $55,000. Harbor Capital Advisors Inc. grew its stake in shares of 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 buying an additional 19,830 shares in the last quarter. Finally, Boston Partners acquired a new position in Global Indemnity Group during the first quarter worth $2,488,000. Institutional investors own 37.40% of the company's stock.
Global Indemnity Group Company Profile
(
Get Free Report)
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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