Stock analysts at StockNews.com assumed 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 Stock Performance
Shares of GBLI stock traded up $0.86 during mid-day trading on Wednesday, hitting $35.49. The company's stock had a trading volume of 1,756 shares, compared to its average volume of 1,658. Global Indemnity Group has a 52-week low of $28.25 and a 52-week high of $37.00. The business has a 50-day moving average price of $35.60 and a 200 day moving average price of $34.26. The stock has a market cap of $485.79 million, a price-to-earnings ratio of 12.19 and a beta of 0.42.
Institutional Trading of Global Indemnity Group
A number of hedge funds have recently bought and sold shares of the company. Cannell Capital LLC increased its position in Global Indemnity Group by 23.1% during the fourth quarter. Cannell Capital LLC now owns 245,934 shares of the insurance provider's stock valued at $8,854,000 after acquiring an additional 46,167 shares during the last quarter. Boston Partners increased its position in Global Indemnity Group by 34.9% during the fourth quarter. Boston Partners now owns 103,947 shares of the insurance provider's stock valued at $3,742,000 after acquiring an additional 26,893 shares during the last quarter. Huber Capital Management LLC bought a new stake in Global Indemnity Group during the fourth quarter valued at about $232,000. Finally, State of Wyoming grew its holdings in Global Indemnity Group by 56.3% during the fourth quarter. State of Wyoming now owns 1,901 shares of the insurance provider's stock valued at $68,000 after purchasing an additional 685 shares during the period. Hedge funds and other institutional investors own 37.40% of the company's stock.
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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