StockNews.com Initiates Coverage on Global Indemnity Group (NASDAQ:GBLI)

StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report issued on Monday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

NASDAQ:GBLI opened at $36.50 on Monday. The company has a market capitalization of $499.61 million, a price-to-earnings ratio of 12.54 and a beta of 0.42. Global Indemnity Group has a one year low of $27.47 and a one year high of $37.00. The stock has a 50-day simple moving average of $34.55 and a 200 day simple moving average of $32.56.

Hedge Funds Weigh In On Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Innealta Capital LLC bought a new position in Global Indemnity Group, LLC (NASDAQ:GBLI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. 37.40% of the stock is 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.