Wells Fargo & Company MN Continues to Hold Position in Global Indemnity PLC (GBLI)
Wells Fargo & Company MN continued to hold its position in Global Indemnity PLC (NASDAQ:GBLI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,529 shares of the insurance provider’s stock at the close of the second quarter. Wells Fargo & Company MN’s holdings in Global Indemnity PLC were worth $214,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners boosted its position in shares of Global Indemnity PLC by 4.3% during the 2nd quarter. Boston Partners now owns 311,569 shares of the insurance provider’s stock valued at $12,080,000 after acquiring an additional 12,822 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Global Indemnity PLC by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,237 shares of the insurance provider’s stock valued at $1,716,000 after acquiring an additional 323 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Global Indemnity PLC by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,969 shares of the insurance provider’s stock valued at $1,124,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 45.06% of the company’s stock.
Shares of Global Indemnity PLC (NASDAQ GBLI) opened at $43.64 on Wednesday. Global Indemnity PLC has a twelve month low of $34.00 and a twelve month high of $49.91. The firm has a market capitalization of $752.71, a price-to-earnings ratio of 23.38 and a beta of 0.87.
Separately, BidaskClub downgraded Global Indemnity PLC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
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In related news, CEO Cynthia Y. Valko sold 15,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $41.10, for a total transaction of $616,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 53.30% of the company’s stock.
Global Indemnity PLC 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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