StockNews.com assumed hedging on the shares of Global Compensation Group (NASDAQ: GBLI – Get a rating) in a research report delivered Tuesday to clients and investors. The brokerage has set a “hold” rating on the shares of the insurance provider.
Separately, TheStreet upgraded shares of Global Indemnity Group from a “c” rating to a “b-” rating in a Friday, March 11 research note.
GBLI Action opened at $25.97 on Tuesday. The company has a debt ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Global Indemnity Group has a 52-week minimum of $23.97 and a 52-week maximum of $31.98. The company has a 50-day moving average of $26.18 and a 200-day moving average of $26.08. The stock has a market capitalization of $376.07 million, a price-earnings ratio of 13.18 and a beta of 0.23.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Cullen Frost Bankers Inc. increased its stake in shares of Global Indemnity Group by 40.0% in the third quarter. Cullen Frost Bankers Inc. now owns 7,000 shares of the insurance provider valued at $191,000 after purchasing an additional 2,000 shares during the period. Morgan Stanley increased its stake in shares of Global Indemnity Group by 56.8% in the second quarter. Morgan Stanley now owns 13,893 shares of the insurance provider valued at $375,000 after buying an additional 5,032 shares during the period. Cannell Capital LLC purchased a new stake in shares of Global Indemnity Group in the third quarter, valued at approximately $853,000. Finally, Renaissance Technologies LLC increased its stake in shares of Global Indemnity Group by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider valued at $1,974,000 after purchasing an additional 4,700 shares during the period. Institutional investors and hedge funds hold 88.11% of the company’s shares.
Global Indemnity Group Company Profile (Get a rating)
Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, ranch and stable; and the reinsurance operations segments. The Commercial Specialty segment distributes property and casualty, general liability, accident and professional insurance products.
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