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

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

Global Indemnity Group Stock Performance

NASDAQ:GBLI opened at $35.63 on Friday. Global Indemnity Group has a 52 week low of $27.47 and a 52 week high of $37.00. The firm has a 50-day moving average price of $35.69 and a two-hundred day moving average price of $33.62. The firm has a market cap of $487.79 million, a price-to-earnings ratio of 12.24 and a beta of 0.42.

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