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

StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research note issued to investors on Monday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Performance

NASDAQ GBLI opened at $35.30 on Monday. The company’s 50-day simple moving average is $35.80 and its two-hundred day simple moving average is $33.88. Global Indemnity Group has a one year low of $27.47 and a one year high of $37.00. The company has a market capitalization of $483.27 million, a price-to-earnings ratio of 12.13 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI) last issued its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.41. The company had revenue of $111.76 million for the quarter, compared to analyst estimates of $123.00 million. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. During the same period last year, the company posted ($0.05) earnings per share. Equities analysts expect that Global Indemnity Group will post 3.25 earnings per share for the current fiscal year.

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.