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

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

Global Indemnity Group Stock Performance

Shares of GBLI stock opened at $36.11 on Thursday. Global Indemnity Group has a 52 week low of $27.47 and a 52 week high of $37.00. The company’s 50 day moving average price is $35.35 and its two-hundred day moving average price is $33.12. The company has a market capitalization of $494.27 million, a P/E ratio of 12.41 and a beta of 0.42.

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.