Global Indemnity Group, LLC (NASDAQ: GBLI – Get a rating) – Stock analysts Zacks Small Cap released their third quarter 2022 earnings per share estimates for shares of Global Indemnity Group in a research report published Tuesday, September 13. Zacks Small Cap analyst T. Kerr expects the insurance provider to post earnings of $1.45 per share for the quarter. Zacks Small Cap also released estimates for Global Indemnity Group Q4 2022 earnings at $0.50 EPS, FY2022 earnings at $0.08 EPS, Q1 2023 earnings at $0.58 EPS , Q2 2023 earnings at $0.61 EPS, Q3 2023 earnings at $0.66 EPS, Q4 2023 earnings at $0.70 EPS and fiscal year 2023 earnings at $2.54 EPS .
Separately, StockNews.com launched coverage on Global Indemnity Group in a report on Saturday, September 10. They set a “hold” rating for the company.
Global Indemnity Group trades down 1.6%
The NASDAQ GBLI opened at $23.90 on Friday. The stock has a market capitalization of $347.27 million, a PE ratio of 31.97 and a beta of 0.26. Global Indemnity Group has a 12-month low of $23.32 and a 12-month high of $27.99. The stock has a fifty-day simple moving average of $25.58 and a 200-day simple moving average of $25.99.
Insider Trading at Global Indemnity Group
In other Global Indemnity Group news, Director Joseph W. Brown bought 10,000 shares in a trade dated Thursday, August 18. The shares were acquired at an average cost of $25.85 per share, for a total transaction of $258,500.00. Following the acquisition, the administrator now owns 139,979 shares of the company, valued at approximately $3,618,457.15. The acquisition was disclosed in a legal filing with the SEC, which is available via this link. In other news, Director Joseph W. Brown bought 10,000 shares in a trade that took place on Thursday, August 18. The stock was purchased at an average price of $25.85 per share, for a total transaction of $258,500.00. Following the acquisition, the director now directly owns 139,979 shares of the company, valued at approximately $3,618,457.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, insider David S. Charlton bought 5,000 shares in a trade that took place on Friday, August 12. The shares were purchased at an average price of $25.24 per share, with a total value of $126,200.00. Following the completion of the acquisition, the insider now directly owns 5,000 shares of the company, valued at $126,200. Disclosure of this purchase can be found here. In the past ninety days, insiders have purchased 18,500 shares of the company worth $473,355. 44.20% of the shares are currently held by insiders of the company.
Hedge funds weigh on Global Indemnity Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Berkley WR Corp increased its stake in Global Indemnity Group by 53.2% during the second quarter. Berkley WR Corp now owns 906,134 shares of the insurance provider valued at $23,442,000 after acquiring an additional 314,848 shares during the period. Renaissance Technologies LLC increased its stake in Global Indemnity Group by 7.1% in the 1st 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 during the period. RBF Capital LLC acquired a new stake in Global Indemnity Group in Q1 worth approximately $533,000. Cullen Frost Bankers Inc. increased its position in Global Indemnity Group by 22.2% in Q1. Cullen Frost Bankers Inc. now owns 11,000 shares of the insurance provider valued at $287,000 after buying an additional 2,000 shares last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in Global Indemnity Group in Q2 valued at approximately $259,000. 49.28% of the shares are currently held by hedge funds and other institutional investors.
About Global Indemnity Group
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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