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

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

Global Indemnity Group Price Performance

Shares of NASDAQ:GBLI opened at $36.04 on Tuesday. The firm’s 50 day simple moving average is $34.86 and its 200 day simple moving average is $32.74. Global Indemnity Group has a fifty-two week low of $27.47 and a fifty-two week high of $37.00. The company has a market capitalization of $493.32 million, a price-to-earnings ratio of 12.38 and a beta of 0.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Indemnity Group stock. Innealta Capital LLC acquired a new stake in shares of Global Indemnity Group, LLC (NASDAQ:GBLI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,768 shares of the insurance provider’s stock, valued at approximately $55,000. Institutional investors and hedge funds own 37.40% of the company’s stock.

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.