Investment analysts at StockNews.com began to cover the shares of Global Indemnity Group (NASDAQ: GBLI – Get a rating) in a research note published Wednesday. The brokerage 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.
NASDAQ:GBLI shares opened at $25.89 on Wednesday. The company has a market capitalization of $376.08 million, a price-earnings ratio of 45.42 and a beta of 0.22. The company’s 50-day simple moving average is $26.30 and its 200-day simple moving average is $26.13. The company has a debt ratio of 0.19, a current ratio of 0.40 and a quick ratio of 0.40. Global Indemnity Group has a fifty-two week minimum of $23.97 and a fifty-two week maximum of $28.47.
Global Indemnity Group (NASDAQ: GBLI – Get a rating) last released its results on Monday, May 9. The insurance provider reported earnings per share (EPS) of $0.36 for the quarter. Global Indemnity Group achieved a return on equity of 1.80% and a net margin of 1.39%. The company had revenue of $130.46 million in the quarter.
In other news, Director Seth Gersch purchased 3,000 shares of the company in a trade dated Thursday, May 19. The stock was purchased at an average price of $26.66 per share, with a total value of $79,980.00. Following the completion of the acquisition, the director now owns 174,471 shares of the company, valued at $4,651,396.86. The acquisition was disclosed in a legal filing with the SEC, available at the SEC website. 43.70% of the shares are currently held by insiders of the company.
A number of institutional investors have recently increased or reduced their stake in GBLI. Cullen Frost Bankers Inc. increased its holdings of Global Indemnity Group shares by 28.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider worth $226,000 after buying an additional 2,000 shares in the last quarter. Morgan Stanley increased its stake in 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. RBF Capital LLC acquired a new position in Global Indemnity Group in the first quarter worth approximately $533,000. Renaissance Technologies LLC increased its position in shares of Global Indemnity Group by 6.4% during the fourth quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider worth $1,974,000 after purchasing an additional 4,700 shares during the period. Finally, Berkley WR Corp acquired a new position in shares of Global Indemnity Group during the first quarter worth 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.
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