StockNews.com Initiates Coverage on Global Indemnity Group (NASDAQ:GBLI)

Analysts at StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 2.4 %

Shares of GBLI stock opened at $35.33 on Tuesday. The company’s fifty day simple moving average is $35.67 and its 200-day simple moving average is $34.05. The firm has a market cap of $483.72 million, a PE ratio of 12.14 and a beta of 0.42. Global Indemnity Group has a 12 month low of $27.47 and a 12 month high of $37.00.

Hedge Funds Weigh In On Global Indemnity Group

An institutional investor recently raised its position in Global Indemnity Group stock. Boston Partners increased its position in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) by 34.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,947 shares of the insurance provider’s stock after purchasing an additional 26,893 shares during the quarter. Boston Partners owned 0.76% of Global Indemnity Group worth $3,742,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 37.40% of the company’s stock.

Global Indemnity Group Company Profile

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.