Global Indemnity Group (NASDAQ:GBLI) coverage launched on StockNews.com

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StockNews.com began to cover the shares of Global Indemnity Group (NASDAQ: GBLI – Get a rating) in a research note published Friday. The company has set a “hold” rating on the shares of the insurance provider.

Separately, TheStreet upgraded Global Indemnity Group from a “c” rating to a “b-” rating in a Friday, March 11 research note.

GBLI stock opened at $26.19 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a leverage ratio of 0.18. The company has a 50-day moving average price of $26.21 and a two-hundred-day moving average price of $26.17. The company has a market capitalization of $379.26 million, a price-earnings ratio of 13.29 and a beta of 0.24. Global Indemnity Group has a 12-month low of $23.97 and a 12-month high of $31.98.

Several hedge funds and other institutional investors have recently changed their holdings in the company. Cullen Frost Bankers Inc. increased its stake in shares of Global Indemnity Group by 40.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 7,000 shares of the insurance provider worth $191,000 after acquiring an additional 2,000 shares during the period. Renaissance Technologies LLC increased its stake in shares of Global Indemnity Group by 6.4% during the 4th quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider worth $1,974,000 after acquiring an additional 4,700 shares during the period. Morgan Stanley increased its equity stake in Global Indemnity Group by 56.8% during the second quarter. Morgan Stanley now owns 13,893 shares of the insurance provider worth $375,000 after acquiring an additional 5,032 shares during the period. Cannell Capital LLC purchased a new position in shares of Global Indemnity Group during Q3 for a value of approximately $853,000. Finally, Bank of America Corp DE increased its stake in Global Indemnity Group shares by 29,282.9% during the 2nd quarter. Bank of America Corp DE now owns 44,662 shares of the insurance provider worth $1,204,000 after acquiring an additional 44,510 shares during the period. Institutional investors hold 88.11% of the company’s shares.

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About Global Indemnity Group (Get a rating)

Global Indemnity Group LLC is committed to providing diversified insurance and reinsurance services. It operates through the following segments: Commercial Specialty, Specialty Property, Farm, Ranch, and Stable, and Reinsurance Operations. The Commercial Specialty segment provides specialty and liability insurance products designed for product lines such as small business binding authority, real estate brokerage, vacant express and programs.

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