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

Equities research analysts at StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a report released on Monday. The firm set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Up 1.4 %

Shares of NASDAQ GBLI opened at $36.50 on Monday. The firm’s 50-day moving average price is $34.55 and its two-hundred day moving average price is $32.56. Global Indemnity Group has a 52-week low of $27.47 and a 52-week high of $37.00. The stock has a market capitalization of $499.61 million, a P/E ratio of 12.54 and a beta of 0.42.

Institutional Investors Weigh In On Global Indemnity Group

An institutional investor recently bought a new position in Global Indemnity Group stock. Innealta Capital LLC purchased a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. 37.40% of the stock is currently owned by institutional investors and hedge funds.

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.