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

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

Global Indemnity Group Stock Down 2.3 %

Global Indemnity Group stock opened at $35.65 on Wednesday. The firm has a market cap of $487.98 million, a P/E ratio of 12.25 and a beta of 0.42. The business has a fifty day moving average of $35.05 and a two-hundred day moving average of $32.89. Global Indemnity Group has a twelve month low of $27.47 and a twelve month high of $37.00.

Institutional Investors Weigh In On Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Innealta Capital LLC acquired a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. 37.40% of the stock is owned by hedge funds and other 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.