Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a report released on Friday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Up 0.7 %

Shares of NASDAQ GBLI opened at $35.00 on Friday. The company has a 50 day moving average of $33.51 and a 200 day moving average of $32.09. Global Indemnity Group has a twelve month low of $26.50 and a twelve month high of $37.00. The firm has a market cap of $476 million, a P/E ratio of 9.41 and a beta of 0.43.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in Global Indemnity Group in the 2nd quarter worth approximately $55,000. Harbor Capital Advisors Inc. lifted its holdings 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 valued at $892,000 after buying an additional 19,830 shares during the period. Finally, Boston Partners purchased a new position in shares of Global Indemnity Group in the 1st quarter worth $2,488,000. 37.40% of the stock is owned by hedge funds and other institutional investors.

About Global Indemnity Group

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.