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

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

Global Indemnity Group Trading Down 2.4 %

GBLI stock opened at $35.33 on Tuesday. The stock has a market cap of $483.72 million, a price-to-earnings ratio of 12.14 and a beta of 0.42. The company’s 50 day moving average is $35.67 and its 200 day moving average is $34.05. Global Indemnity Group has a 1-year low of $27.47 and a 1-year high of $37.00.

Institutional Trading of Global Indemnity Group

A hedge fund recently bought a new stake in Global Indemnity Group stock. Huber Capital Management LLC purchased a new position in Global Indemnity Group, LLC (NASDAQ:GBLI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,433 shares of the insurance provider’s stock, valued at approximately $232,000. 37.40% of the stock is currently owned by 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.