Research analysts at StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Get Free Report) in a note issued to investors on Wednesday. The firm set a “buy” rating on the insurance provider’s stock.
Global Indemnity Group Trading Up 4.1 %
Global Indemnity Group stock opened at $36.04 on Wednesday. The stock has a 50 day moving average of $35.61 and a two-hundred day moving average of $34.22. Global Indemnity Group has a twelve month low of $28.25 and a twelve month high of $37.00. The stock has a market capitalization of $493.32 million, a price-to-earnings ratio of 12.38 and a beta of 0.42.
Institutional Investors Weigh In On Global Indemnity Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming raised 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 valued at $68,000 after buying an additional 685 shares during the period. Huber Capital Management LLC acquired a new stake in shares of Global Indemnity Group in the fourth quarter worth $232,000. Boston Partners raised its stake in shares of Global Indemnity Group by 34.9% in 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. Finally, Cannell Capital LLC lifted 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 valued at $8,854,000 after acquiring an additional 46,167 shares in the last quarter. Hedge funds and other institutional investors own 37.40% of the company’s stock.
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.
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