Stock analysts at StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Get Free Report) in a note issued to investors on Saturday. The firm set a “buy” rating on the insurance provider’s stock.
Global Indemnity Group Stock Performance
Shares of Global Indemnity Group stock opened at $32.75 on Friday. The stock’s fifty day simple moving average is $31.78 and its 200 day simple moving average is $31.34. The company has a market capitalization of $445.53 million, a PE ratio of 13.21 and a beta of 0.43. Global Indemnity Group has a 12 month low of $26.50 and a 12 month high of $37.00.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.19. Global Indemnity Group had a return on equity of 5.79% and a net margin of 7.66%. The company had revenue of $108.69 million for the quarter, compared to analyst estimates of $114.00 million. Analysts predict that Global Indemnity Group will post 2.71 EPS for the current fiscal year.
Institutional Investors Weigh In On Global Indemnity Group
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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