The stock of Global Indemnity plc (NASDAQ:GBLI) hit a new 52-week high and has $38.84 target or 4.00% above today’s $37.35 share price. The 5 months bullish chart indicates low risk for the $655.90M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $38.84 price target is reached, the company will be worth $26.24M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 11,342 shares traded hands. Global Indemnity plc (NASDAQ:GBLI) has risen 19.78% since April 28, 2016 and is uptrending. It has outperformed by 13.86% the S&P500.
Analysts await Global Indemnity plc (NASDAQ:GBLI) to report earnings on March, 7.
According to Zacks Investment Research, “Global Indemnity plc, through its several direct and indirect wholly owned subsidiary insurance and reinsurance companies, provides both admitted and nonadmitted specialty property and casualty insurance coverages in the United States, as well as reinsurance throughout the world. The Company’s operating divisions, CompGlobal, Diamond State Group, Penn-America Group, United National Group, and Wind River Reinsurance Company, Ltd., are providers of specialty property, casualty, and workers’ compensation coverage for specialty risks, programs, and niches. Global Indemnity’s multi-channel distribution network consists of U.S. and international operations. The Company is based in Dublin, Ireland.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.28, from 1.33 in 2016Q1. The ratio worsened, as 0 funds sold all Global Indemnity plc shares owned while 18 reduced positions. 4 funds bought stakes while 20 increased positions. They now own 7.42 million shares or 1.27% less from 7.52 million shares in 2016Q1.
Teacher Retirement Of Texas has 0% invested in the company for 1,252 shares. Goldman Sachs Inc holds 0% of its portfolio in Global Indemnity plc (NASDAQ:GBLI) for 9,728 shares. Blackrock Limited has 2,385 shares for 0% of their US portfolio. Blackrock Limited Liability Co owns 4,291 shares or 0% of their US portfolio. Citadel Advisors Lc accumulated 29,869 shares or 0% of the stock. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Moreover, Brandywine Global Mngmt Ltd Liability Co has 0.01% invested in Global Indemnity plc (NASDAQ:GBLI) for 39,415 shares. Moreover, Teachers Advsr has 0% invested in Global Indemnity plc (NASDAQ:GBLI) for 12,744 shares. Franklin Resource accumulated 0% or 74,000 shares. Tower Rech Capital Ltd Liability Com (Trc) accumulated 1,199 shares or 0% of the stock. Dimensional Fund Limited Partnership holds 0.01% of its portfolio in Global Indemnity plc (NASDAQ:GBLI) for 920,280 shares. Geode Cap Management Llc has invested 0% of its portfolio in Global Indemnity plc (NASDAQ:GBLI). Pnc Fin Svcs Gru holds 71 shares or 0% of its portfolio. Int Group Inc Inc last reported 4,830 shares in the company. Boston has invested 0.01% of its portfolio in Global Indemnity plc (NASDAQ:GBLI).
Insider Transactions: Since August 16, 2016, the stock had 2 insider buys, and 0 sales for $37,418 net activity. The insider Robison John E bought 200 shares worth $5,900. $31,518 worth of Global Indemnity plc (NASDAQ:GBLI) was bought by Lederman bruce r on Monday, August 22.
More notable recent Global Indemnity plc (NASDAQ:GBLI) news were published by: Globenewswire.com which released: “Global Indemnity plc Share Redemption” on October 29, 2015, also Globenewswire.com with their article: “Global Indemnity plc Announces Proposed Redomestication to the Cayman Islands …” published on June 20, 2016, Reuters.com published: “BRIEF-Global Indemnity Plc reports Q3 financial results” on November 03, 2016. More interesting news about Global Indemnity plc (NASDAQ:GBLI) were released by: Businesswire.com and their article: “A.M. Best Affirms Credit Ratings of Global Indemnity plc and Its Subsidiaries” published on November 04, 2016 as well as Insurancejournal.com‘s news article titled: “Global Indemnity to Redomicile from Ireland to Caymans” with publication date: June 22, 2016.
GBLI Company Profile
Global Indemnity Limited, formerly Global Indemnity plc, incorporated on March 9, 2010, is a holding company. The Firm offers an array of insurance and reinsurance services and products to a range customer base. The Companyâ€™s divisions include Penn-America Group, Diamond State Group, United National Group, American Reliable Insurance Company, J.H. Ferguson & Associates (VacantExpress.com), Collectibles Insurance Services and Global Indemnity Reinsurance Company Ltd., which are providers of specialty property, and casualty coverage for specialty risks, programs. The Company’s divisions focus on specific markets and distribution channels. The Companyâ€™s multi-channel distribution network consists of the United States and international operations. The Company’s the United States activities consist of over six insurance companies. The Company’s non-the United States operation is Global Indemnity Reinsurance Company Ltd.
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