Global Indemnity Group (NASDAQ:GBLI – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.
Global Indemnity Group Stock Up 2.1 %
Shares of Global Indemnity Group stock traded up $0.61 on Thursday, hitting $29.61. The stock had a trading volume of 28,079 shares, compared to its average volume of 7,060. The stock has a market cap of $402.10 million, a price-to-earnings ratio of 15.82 and a beta of 0.46. Global Indemnity Group has a twelve month low of $25.21 and a twelve month high of $37.00. The business’s 50 day moving average is $29.32 and its two-hundred day moving average is $31.98.
Hedge Funds Weigh In On Global Indemnity Group
A number of hedge funds have recently bought and sold shares of GBLI. Cannell Capital LLC acquired a new stake in shares of Global Indemnity Group in the fourth quarter valued at approximately $3,562,000. Ameriprise Financial Inc. lifted its position in shares of Global Indemnity Group by 4.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 288,239 shares of the insurance provider’s stock valued at $9,901,000 after acquiring an additional 11,055 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of Global Indemnity Group during the 3rd quarter worth $393,000. RBF Capital LLC increased its holdings in Global Indemnity Group by 9.7% in the 2nd quarter. RBF Capital LLC now owns 193,475 shares of the insurance provider’s stock valued at $6,500,000 after buying an additional 17,088 shares during the period. Finally, State of Wyoming raised its position in shares of Global Indemnity Group by 42.9% in the 2nd quarter. State of Wyoming now owns 1,400 shares of the insurance provider’s stock valued at $47,000 after buying an additional 420 shares in the last quarter. 37.40% of the stock is owned by institutional investors.
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, Commercial Specialty and Reinsurance Operations. The Commercial Specialty segment distributes property and casualty insurance products; and general liability products for small commercial businesses through a network of wholesale general agents.