Global Indemnity Group (NASDAQ:GBLI) now covered by StockNews.com

0

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

Global Indemnity Group trades down 0.0%

NASDAQ:GBLI opened at $25.52 on Thursday. The company has a market capitalization of $370.70 million, a price-earnings ratio of -36.46 and a beta of 0.24. Global Indemnity Group has a 12-month low of $23.32 and a 12-month high of $27.99. The company’s 50-day moving average is $25.91 and its two-hundred-day moving average is $26.13.

Insider Trading at Global Indemnity Group

In a similar vein, COO Reiner Ralf Mauer acquired 3,500 shares of the company in a transaction dated Tuesday, August 16. The shares were acquired at an average cost of $25.33 per share, for a total transaction of $88,655.00. Following the acquisition, the COO now directly owns 3,500 shares of the company, valued at approximately $88,655. The acquisition was disclosed in a legal filing with the SEC, accessible via this hyperlink. In other Global Indemnity Group news, COO Reiner Ralf Mauer purchased 3,500 shares of the company in a deal that took place on Tuesday, August 16. The shares were purchased at an average price of $25.33 per share, for a total transaction of $88,655.00. After the acquisition was completed, the COO now owns 3,500 shares of the company, valued at approximately $88,655. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, insider David S. Charlton purchased 5,000 shares of the company in a trade that took place on Friday, August 12. The shares were acquired at an average price of $25.24 per share, for a total transaction of $126,200.00. Following the acquisition, the insider now directly owns 5,000 shares of the company, valued at approximately $126,200. Disclosure of this purchase can be found here. Insiders have purchased a total of 18,500 shares of the company worth $473,355 over the past three months. Insiders of the company hold 44.20% of the shares of the company.

Institutional entries and exits

pixel

A d Tradewins

The safest option in the trades!

If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!

Hedge funds have recently been buying and selling shares of the company. First Republic Investment Management Inc. bought a new position in Global Indemnity Group in the second quarter, valued at around $259,000. Cullen Frost Bankers Inc. increased its position in Global Indemnity Group by 22.2% in the first quarter. Cullen Frost Bankers Inc. now owns 11,000 shares of the insurance provider valued at $287,000 after acquiring an additional 2,000 shares last quarter. RBF Capital LLC acquired a new stake in Global Indemnity Group in the first quarter worth approximately $533,000. Renaissance Technologies LLC increased its position in Global Indemnity Group by 7.1% in the first quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider valued at $2,195,000 after acquiring an additional 5,600 shares last quarter. Finally, Berkley WR Corp acquired a new stake in Global Indemnity Group in the first quarter valued at approximately $15,427,000. Hedge funds and other institutional investors own 88.18% 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.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Global Indemnity Group, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Global Indemnity Group was not on the list.

While Global Indemnity Group currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Share.

About Author

Comments are closed.