Global Indemnity (GBLI) Downgraded by BidaskClub to Hold
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.
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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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