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

Equities researchers at StockNews.com started coverage on shares of Global Indemnity Group (NASDAQ:GBLI) in a report released on Thursday. The brokerage set a “buy” rating on the insurance provider’s stock.

Global Indemnity Group Stock Down 0.7 %

Shares of GBLI opened at $36.00 on Thursday. Global Indemnity Group has a twelve month low of $27.47 and a twelve month high of $37.00. The stock has a market capitalization of $492.77 million, a P/E ratio of 12.37 and a beta of 0.42. The company has a 50 day moving average of $35.26 and a 200-day moving average of $33.06.

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.