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

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

Global Indemnity Group Stock Performance

NASDAQ:GBLI opened at $35.68 on Friday. Global Indemnity Group has a fifty-two week low of $27.47 and a fifty-two week high of $37.00. The company has a 50 day simple moving average of $35.71 and a two-hundred day simple moving average of $33.67. The company has a market capitalization of $488.39 million, a PE ratio of 12.26 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.41. The company had revenue of $111.76 million during the quarter, compared to analysts’ expectations of $123.00 million. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. During the same period in the prior year, the company posted ($0.05) earnings per share. Research analysts predict that Global Indemnity Group will post 3.25 EPS for the current year.

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.