Investment analysts at StockNews.com initiated coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Get Free Report) in a report released on Sunday. The firm set a “buy” rating on the insurance provider’s stock.
Global Indemnity Group Stock Down 2.0 %
GBLI stock opened at $33.30 on Friday. The firm has a market cap of $453.01 million, a price-to-earnings ratio of 13.43 and a beta of 0.43. Global Indemnity Group has a 12-month low of $26.50 and a 12-month high of $37.00. The company’s fifty day simple moving average is $32.08 and its 200 day simple moving average is $31.49.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last released its earnings results on Wednesday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.19. Global Indemnity Group had a net margin of 7.66% and a return on equity of 5.79%. The business had revenue of $108.69 million for the quarter, compared to analyst estimates of $114.00 million. Research analysts expect that Global Indemnity Group will post 2.71 earnings per share for the current year.
Hedge Funds Weigh In On Global Indemnity Group
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.
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