BidaskClub cut shares of Global Indemnity (NASDAQ:GBLI) from a buy rating to a hold rating in a research report report published on Saturday morning.

Shares of Global Indemnity (GBLI) traded down $0.17 during mid-day trading on Friday, reaching $41.53. 33,694 shares of the company’s stock traded hands, compared to its average volume of 9,959. The firm has a market cap of $730.72, a P/E ratio of 22.69 and a beta of 0.87. Global Indemnity has a 52-week low of $34.00 and a 52-week high of $49.91.

In other news, CEO Cynthia Y. Valko sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $41.10, for a total transaction of $616,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 53.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Global Indemnity during the 3rd quarter worth approximately $248,000. Nationwide Fund Advisors grew its stake in shares of Global Indemnity by 5.0% during the 2nd quarter. Nationwide Fund Advisors now owns 7,427 shares of the insurance provider’s stock worth $288,000 after acquiring an additional 351 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Global Indemnity by 1.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,678 shares of the insurance provider’s stock worth $453,000 after acquiring an additional 158 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Global Indemnity by 9.4% during the 2nd quarter. Teachers Advisors LLC now owns 14,666 shares of the insurance provider’s stock worth $569,000 after acquiring an additional 1,265 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Global Indemnity by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,969 shares of the insurance provider’s stock worth $1,124,000 after acquiring an additional 152 shares in the last quarter. 45.33% of the stock is owned by institutional investors.

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Global Indemnity Company Profile

Global Indemnity Limited is a holding company. The Company, through its subsidiary insurance and reinsurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance across the world.

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