Stock analysts at StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI - Get Free Report) in a research note issued on Saturday. The firm set a "buy" rating on the insurance provider's stock.
Global Indemnity Group Stock Performance
GBLI traded up $0.26 during trading on Friday, reaching $35.94. The company's stock had a trading volume of 1,985 shares, compared to its average volume of 3,943. Global Indemnity Group has a 52-week low of $28.37 and a 52-week high of $37.00. The company's fifty day moving average price is $35.24 and its 200-day moving average price is $34.65. The company has a market capitalization of $491.93 million, a price-to-earnings ratio of 12.35 and a beta of 0.46.
Insider Activity
In related news, CEO Praveen Kotha Reddy purchased 1,500 shares of Global Indemnity Group stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $35.96 per share, for a total transaction of $53,940.00. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $53,940. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 52.80% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Cannell Capital LLC raised its position in shares of Global Indemnity Group by 23.1% during the 4th quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider's stock worth $8,854,000 after purchasing an additional 46,167 shares during the last quarter. Boston Partners raised its position in shares of Global Indemnity Group by 34.9% during the 4th quarter. Boston Partners now owns 103,947 shares of the insurance provider's stock worth $3,742,000 after purchasing an additional 26,893 shares during the last quarter. Huber Capital Management LLC acquired a new position in shares of Global Indemnity Group during the 4th quarter worth approximately $232,000. Finally, State of Wyoming raised its position in shares of Global Indemnity Group by 56.3% during the 4th quarter. State of Wyoming now owns 1,901 shares of the insurance provider's stock worth $68,000 after purchasing an additional 685 shares during the last quarter. 37.40% of the stock is currently owned by institutional investors and hedge funds.
About Global Indemnity Group
(
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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