James River Group: Why The Valuation Gap Should Close [Seeking Alpha]
Global Indemnity Group, LLC Class A (DE) (GBLI)
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=147715&p=irol-irhome
Company Research
Source: Seeking Alpha
James River specializes in underwriting excess and surplus lines insurance, which accounts for a significant portion of their premiums. The company is turning around quite nicely with a hard market behind its back, creating strong future underwriting profits. Shares are a buy with a price target of $14. Investment Thesis Recently, Global Indemnity Group, LLC ( GBLI ) made a $15 per share all-stock offer on James River Group Holdings, Ltd. ( NASDAQ: JRVR ), valuing James River at around $550 million market cap. I believe this is substantial evidence that James River is undervalued and the gap between price and value should close in the future. Even if the deal does not close, the stock is still undervalued as earnings seem to be sustainable at around $2 EPS. Therefore, given the catalyst acquisition announcement and the undervalued state of the company, James River seems to be a bargain for new investors. A Focus On E&S Insurance James River is a holding company specializi
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GBLI
News
- Global Indemnity Group, LLC (NASDAQ: GBLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Global Indemnity Group 2024 First Quarter Earnings Release & Conference Call [Yahoo! Finance]Yahoo! Finance
- Global Indemnity Group 2024 First Quarter Earnings Release & Conference CallBusiness Wire
- Global Indemnity Group, LLC (NASDAQ: GBLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Global Indemnity Group, LLC (NASDAQ: GBLI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
GBLI
Earnings
- 11/8/23 - Miss
GBLI
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- GBLI's page on the SEC website