Global Indemnity Group (NASDAQ:GBLI) Coverage Initiated at StockNews.com

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

Global Indemnity Group Price Performance

Shares of NASDAQ:GBLI opened at $35.60 on Friday. Global Indemnity Group has a one year low of $27.47 and a one year high of $37.00. The company has a market cap of $487.29 million, a price-to-earnings ratio of 12.23 and a beta of 0.42. The firm has a 50 day simple moving average of $35.59 and a 200 day simple moving average of $33.33.

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.