StockNews.com began coverage on shares of Global Indemnity Group (NASDAQ:GBLI – Get Free Report) in a research note issued on Wednesday. The brokerage set a “buy” rating on the insurance provider’s stock.
Global Indemnity Group Stock Performance
Shares of Global Indemnity Group stock opened at $32.13 on Wednesday. Global Indemnity Group has a 52-week low of $26.50 and a 52-week high of $37.00. The stock’s 50-day simple moving average is $31.23 and its 200 day simple moving average is $30.96. The stock has a market capitalization of $437.10 million, a P/E ratio of 12.96 and a beta of 0.43.
Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.19. Global Indemnity Group had a return on equity of 5.79% and a net margin of 7.66%. The business had revenue of $108.69 million for the quarter, compared to analysts’ expectations of $114.00 million. Equities research analysts forecast that Global Indemnity Group will post 2.71 EPS for the current fiscal year.
Institutional Investors 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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