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Global Indemnity (GBLI) Surges: Why It Still Has Room to Run?
March 10, 2014

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One company that should be on your radar is Global Indemnity plc . The stock of this Ireland based provider of specialty property and casualty insurance has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GBLI’s full year estimate, we have seen 1 estimate goes higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from $1.20 a share a month ago to its current level at $1.25.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, GBLI has seen some pretty solid trading lately, as the company has moved higher by 13.58% in the past month.

If Global Indemnity can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put GBLI on your watch list for the future.

Other top-ranked stocks worth considering in this space include Am Trust Financial Services, Inc. (AFSI - Free Report) , Greenlight Capital Re, Ltd. (GLRE - Free Report) and Navigators Group Inc. (NAVG - Free Report) . All these carry a Zacks Rank #1 (Strong Buy).

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