StockNews.com Initiates Coverage on Global Indemnity Group (NASDAQ:GBLI)

Stock analysts at StockNews.com assumed coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a research report issued on Monday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 1.9 %

GBLI opened at $35.30 on Monday. The company has a market cap of $483.27 million, a P/E ratio of 12.13 and a beta of 0.42. The firm’s 50-day moving average price is $35.80 and its 200-day moving average price is $33.88. Global Indemnity Group has a 52-week low of $27.47 and a 52-week high of $37.00.

Global Indemnity Group (NASDAQ:GBLI) last released its earnings results on Thursday, November 7th. The insurance provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.41. The company had revenue of $111.76 million for the quarter, compared to the consensus estimate of $123.00 million. Global Indemnity Group had a net margin of 9.05% and a return on equity of 7.74%. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, research analysts anticipate that Global Indemnity Group will post 3.25 EPS for the current fiscal year.

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.