Global Indemnity (GBLI) Rating Increased to Hold at BidaskClub
Global Indemnity (NASDAQ:GBLI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Separately, TheStreet cut Global Indemnity from a “b” rating to a “c+” rating in a research report on Friday, August 17th.
NASDAQ:GBLI opened at $35.47 on Thursday. Global Indemnity has a 52 week low of $32.22 and a 52 week high of $49.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market cap of $535.91 million, a PE ratio of 51.64 and a beta of 0.94.
Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP lifted its stake in Global Indemnity by 18.3% in the 2nd quarter. First Trust Advisors LP now owns 8,221 shares of the insurance provider’s stock valued at $320,000 after buying an additional 1,273 shares in the last quarter. Brown Advisory Inc. purchased a new position in Global Indemnity in the 2nd quarter valued at about $621,000. Schwab Charles Investment Management Inc. lifted its stake in Global Indemnity by 8.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 42,513 shares of the insurance provider’s stock valued at $1,468,000 after buying an additional 3,404 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Global Indemnity by 7.6% in the 2nd quarter. Renaissance Technologies LLC now owns 117,664 shares of the insurance provider’s stock valued at $4,587,000 after buying an additional 8,300 shares in the last quarter. Finally, Springhouse Capital Management LP lifted its stake in Global Indemnity by 9.7% in the 1st quarter. Springhouse Capital Management LP now owns 713,253 shares of the insurance provider’s stock valued at $24,621,000 after buying an additional 63,265 shares in the last quarter. 55.81% of the stock is currently owned by hedge funds and other institutional investors.
About Global Indemnity
Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States and internationally. The company operates through three segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Commercial Lines segment distributes property, general liability, casualty, and professional lines products, as well as products for vacant, and under construction and renovation dwellings.
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