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

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

Global Indemnity Group Stock Down 1.1 %

Shares of NASDAQ GBLI opened at $35.60 on Friday. The firm has a market cap of $487.29 million, a PE ratio of 12.23 and a beta of 0.42. The company’s fifty day simple moving average is $35.59 and its 200 day simple moving average is $33.33. Global Indemnity Group has a 12-month low of $27.47 and a 12-month high of $37.00.

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.