StockNews.com began to cover the shares of Global Compensation Group (NASDAQ: GBLI – Get a rating) in a report released Wednesday. The company 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 report.
GBLI opened at $26.00 Wednesday. The company has a 50-day moving average of $26.18 and a 200-day moving average of $26.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt ratio of 0.18. Global Indemnity Group has a 12-month low of $23.97 and a 12-month high of $31.98. The company has a market capitalization of $376.51 million, a PE ratio of 13.20 and a beta of 0.23.
A number of institutional investors have recently changed their holdings in GBLI. Cannell Capital LLC bought a new position in Global Indemnity Group in the third quarter worth approximately $853,000. Morgan Stanley increased its holdings of Global Indemnity Group shares by 56.8% during 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 in the last quarter. Renaissance Technologies LLC increased its equity stake in Global Indemnity Group by 6.4% during 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 in the last quarter. Finally, Cullen Frost Bankers Inc. increased its equity stake in Global Indemnity Group by 28.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider valued at $226,000 after buying an additional 2,000 shares in the last quarter. 88.11% of the shares are held by institutional investors and hedge funds.
About Global Indemnity Group (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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