Global Indemnity Group (NASDAQ:GBLI) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Trading Down 0.2 %

Shares of GBLI stock opened at $35.94 on Friday. Global Indemnity Group has a 1-year low of $28.62 and a 1-year high of $37.00. The stock has a market cap of $512.43 million, a price-to-earnings ratio of 12.35 and a beta of 0.46. The stock has a 50-day moving average of $35.28 and a 200-day moving average of $34.80.

Insider Transactions at Global Indemnity Group

In other Global Indemnity Group news, CEO Praveen Kotha Reddy acquired 1,500 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $35.96 per share, with a total value of $53,940.00. Following the purchase, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $53,940. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 52.80% of the company’s stock.

Institutional Investors Weigh In On Global Indemnity Group

Hedge funds have recently added to or reduced their stakes in the business. Cannell Capital LLC boosted its holdings 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 buying an additional 46,167 shares in the last quarter. Boston Partners lifted 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 valued at $3,742,000 after acquiring an additional 26,893 shares during the period. Huber Capital Management LLC bought a new position in Global Indemnity Group during the fourth quarter worth $232,000. Finally, State of Wyoming grew its holdings in Global Indemnity Group by 56.3% in the fourth 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 period. 37.40% of the stock is currently owned by institutional investors.

Global Indemnity Group Company Profile

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.