Global Indemnity Group LLC (NYSE: GBLI) has recently experienced meaningful negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Global Indemnity Group LLC (NYSE: GBLI) suffers from meaningful negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, GBLI is expected to continue to be a modest Value Eraser.
Global Indemnity Group has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Global Indemnity Group has a neutral Power Rating of 46 and a neutral Appreciation Score of 43, triggering the Negative Value Trend Rating.
Recent Price Action
Global Indemnity Group LLC (NYSE: GBLI) stock declined modestly by -1.2% on 3/8/24. The stock closed at $29.60. Moreover, this decline was accompanied by exceptionally high trading volume at 206% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.2% during the last week.
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