Global Indemnity Group (NASDAQ:GBLI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLIGet Rating) in a report released on Saturday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

NASDAQ:GBLI opened at $25.00 on Friday. The stock’s fifty day moving average price is $25.71 and its two-hundred day moving average price is $26.05. Global Indemnity Group has a 52-week low of $23.32 and a 52-week high of $27.99. The company has a market cap of $363.25 million, a price-to-earnings ratio of -35.71 and a beta of 0.26.

Insiders Place Their Bets

In related news, insider David S. Charlton purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were bought at an average price of $25.24 per share, with a total value of $126,200.00. Following the purchase, the insider now directly owns 5,000 shares in the company, valued at approximately $126,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David S. Charlton purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were bought at an average price of $25.24 per share, with a total value of $126,200.00. Following the purchase, the insider now directly owns 5,000 shares in the company, valued at approximately $126,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Reiner Ralf Mauer purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average cost of $25.33 per share, for a total transaction of $88,655.00. Following the purchase, the chief operating officer now owns 3,500 shares in the company, valued at $88,655. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 18,500 shares of company stock valued at $473,355. 44.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Global Indemnity Group

Several hedge funds have recently added to or reduced their stakes in GBLI. First Republic Investment Management Inc. acquired a new stake in Global Indemnity Group during the 2nd quarter worth $259,000. Cullen Frost Bankers Inc. raised its stake in Global Indemnity Group by 22.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 11,000 shares of the insurance provider’s stock worth $287,000 after buying an additional 2,000 shares during the period. RBF Capital LLC acquired a new stake in Global Indemnity Group during the 1st quarter worth $533,000. Renaissance Technologies LLC raised its stake in Global Indemnity Group by 7.1% during the 1st quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock worth $2,195,000 after buying an additional 5,600 shares during the period. Finally, Berkley W R Corp acquired a new stake in Global Indemnity Group during the 1st quarter worth $15,427,000. Institutional investors and hedge funds own 49.28% of the company’s stock.

About Global Indemnity Group

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Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.

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