Global Indemnity Group (NASDAQ:GBLI) Now Covered by StockNews.com Analysts


StockNews.com began to cover the shares of Global Compensation Group (NASDAQ: GBLIGet a rating) in a report released Wednesday. The company has set a “hold” rating on the shares of the insurance provider.

Separately, TheStreet upgraded shares of Global Indemnity Group from a “c” rating to a “b-” rating in a Friday, March 11 report.

GBLI opened at $26.00 Wednesday. The company has a 50-day moving average of $26.18 and a 200-day moving average of $26.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt ratio of 0.18. Global Indemnity Group has a 12-month low of $23.97 and a 12-month high of $31.98. The company has a market capitalization of $376.51 million, a PE ratio of 13.20 and a beta of 0.23.

A number of institutional investors have recently changed their holdings in GBLI. Cannell Capital LLC bought a new position in Global Indemnity Group in the third quarter worth approximately $853,000. Morgan Stanley increased its holdings of Global Indemnity Group shares by 56.8% during the second quarter. Morgan Stanley now owns 13,893 shares of the insurance provider valued at $375,000 after buying an additional 5,032 shares in the last quarter. Renaissance Technologies LLC increased its equity stake in Global Indemnity Group by 6.4% during the fourth quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider valued at $1,974,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its equity stake in Global Indemnity Group by 28.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider valued at $226,000 after buying an additional 2,000 shares in the last quarter. 88.11% of the shares are held by institutional investors and hedge funds.

About Global Indemnity Group (Get a rating)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, ranch and stable; and the reinsurance operations segments. The Commercial Specialty segment distributes property and casualty, general liability, accident and professional insurance products.

See also



Get news and reviews for Global Indemnity Group Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Global Indemnity Group and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.