Equities research analysts at StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Get Free Report) in a research note issued on Saturday. The brokerage set a "buy" rating on the insurance provider's stock.
Global Indemnity Group Trading Up 2.9 %
Shares of NASDAQ GBLI traded up $1.00 during midday trading on Friday, hitting $35.00. The company's stock had a trading volume of 1,867 shares, compared to its average volume of 2,484. Global Indemnity Group has a 12-month low of $26.50 and a 12-month high of $37.00. The firm has a market cap of $479.15 million, a P/E ratio of 9.14 and a beta of 0.43. The business's 50 day moving average is $33.70 and its two-hundred day moving average is $32.17.
Hedge Funds Weigh In On Global Indemnity Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Boston Partners bought a new position in Global Indemnity Group in the first quarter worth approximately $2,488,000. Harbor Capital Advisors Inc. grew its position in shares of Global Indemnity Group by 223.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider's stock worth $892,000 after buying an additional 19,830 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Global Indemnity Group during the second quarter valued at $55,000. 37.40% of the stock is currently owned by institutional investors.
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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