StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Free Report) in a research note released on Sunday. The brokerage issued a buy rating on the insurance provider’s stock.
Global Indemnity Group Price Performance
Shares of GBLI opened at $32.50 on Friday. The stock has a 50 day moving average price of $30.10 and a 200 day moving average price of $31.56. The company has a market capitalization of $441.35 million, a price-to-earnings ratio of 17.76 and a beta of 0.47. Global Indemnity Group has a 52-week low of $25.21 and a 52-week high of $37.00.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The insurance provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.75. The firm had revenue of $109.26 million during the quarter, compared to the consensus estimate of $136.00 million. Global Indemnity Group had a return on equity of 4.32% and a net margin of 4.79%. On average, equities analysts anticipate that Global Indemnity Group will post 2.43 EPS for the current fiscal year.
Global Indemnity Group Increases Dividend
Institutional Investors Weigh In On Global Indemnity Group
A hedge fund recently bought a new stake in Global Indemnity Group stock. Ellsworth Advisors LLC acquired a new stake in Global Indemnity Group, LLC (NASDAQ:GBLI – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,798 shares of the insurance provider’s stock, valued at approximately $393,000. Ellsworth Advisors LLC owned about 0.09% of Global Indemnity Group at the end of the most recent quarter. 37.40% of the stock is 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.
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