The analysts of StockNews.com initiated a hedge on the shares of Global Compensation Group (NASDAQ: GBLI – Get a rating) in a report released Thursday. 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.
Shares of GBLI opened at $25.88 on Thursday. The stock has a market capitalization of $375.93 million, a PE ratio of 45.40 and a beta of 0.22. Global Indemnity Group has a 1 year minimum of $23.97 and a 1 year maximum of $27.99. The company has a debt ratio of 0.19, a quick ratio of 0.40 and a current ratio of 0.40. The company’s 50-day simple moving average is $26.28 and its 200-day simple moving average is $26.12.
Global Compensation Group (NASDAQ: GBLI – Get a rating) last released its quarterly results on Monday, May 9. The insurance provider reported earnings per share (EPS) of $0.36 for the quarter. Global Indemnity Group achieved a net margin of 1.39% and a return on equity of 1.80%. The company had revenue of $130.46 million for the quarter.
In other news, Director Seth Gersch bought 3,000 shares of the company in a transaction that took place on Thursday, May 19. The shares were purchased at an average cost of $26.66 per share, for a total transaction of $79,980.00. Following the completion of the purchase, the director now owns 174,471 shares of the company, valued at $4,651,396.86. The acquisition was disclosed in a filing with the SEC, which is available via this hyperlink. 43.70% of the shares are currently held by company insiders.
A number of institutional investors have recently changed their positions in GBLI. Cullen Frost Bankers Inc. increased its stake in Global Indemnity Group by 28.6% in 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. Renaissance Technologies LLC increased its stake 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 purchasing an additional 5,600 shares in the last quarter. RBF Capital LLC bought a new position in Global Indemnity Group in the first quarter, valued at approximately $533,000. Finally, Berkley WR Corp bought a new position in Global Indemnity Group in the first quarter, valued at around $15,427,000. Institutional investors hold 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.
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