StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a research note released on Tuesday morning. The brokerage issued a buy rating on the insurance provider’s stock.
Global Indemnity Group Stock Up 0.0 %
GBLI stock opened at $34.01 on Tuesday. The company has a 50-day simple moving average of $32.57 and a 200 day simple moving average of $31.80. The company has a market capitalization of $462.67 million, a P/E ratio of 13.71 and a beta of 0.43. Global Indemnity Group has a fifty-two week low of $26.50 and a fifty-two week high of $36.76.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.19. Global Indemnity Group had a net margin of 7.66% and a return on equity of 5.79%. The company had revenue of $108.69 million during the quarter, compared to analyst estimates of $114.00 million. Equities analysts anticipate that Global Indemnity Group will post 2.71 EPS for the current year.
Global Indemnity Group Announces Dividend
Institutional Investors Weigh In On Global Indemnity Group
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners acquired a new position in shares of Global Indemnity Group in the 1st quarter worth approximately $2,488,000. Harbor Capital Advisors Inc. grew its position in Global Indemnity Group by 223.7% in the second quarter. Harbor Capital Advisors Inc. now owns 28,696 shares of the insurance provider’s stock worth $892,000 after buying an additional 19,830 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Global Indemnity Group in the second quarter valued at $55,000. 37.40% of the stock is currently owned by 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 in two segments, Penn-America and Non-Core Operations. The company distributes property and general liability products for small commercial businesses through a network of wholesale general agents; and property and general liability niche products through program administrators with specific binding authority.
See Also
- Five stocks we like better than Global Indemnity Group
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- Are Penny Stocks a Good Fit for Your Portfolio?
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- The 3 Best Blue-Chip Stocks to Buy Now
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
Receive News & Ratings for Global Indemnity Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Indemnity Group and related companies with MarketBeat.com's FREE daily email newsletter.