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

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

Global Indemnity Group Stock Down 3.6 %

Shares of GBLI stock opened at $35.68 on Friday. Global Indemnity Group has a twelve month low of $27.47 and a twelve month high of $37.00. The stock’s fifty day simple moving average is $35.71 and its 200 day simple moving average is $33.67. The firm has a market capitalization of $488.39 million, a P/E ratio of 12.26 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI) last announced its quarterly earnings results on Thursday, November 7th. The insurance provider reported $0.95 EPS for the quarter, beating 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 firm had revenue of $111.76 million for the quarter, compared to analyst estimates of $123.00 million. During the same period last year, the firm posted ($0.05) earnings per share. As a group, equities research analysts expect that Global Indemnity Group will post 3.25 EPS for the current fiscal year.

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.