Should I buy or sell International General Insurance stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for International General Insurance in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IGIC shares. View IGIC analyst ratings or view top-rated stocks .

What is International General Insurance's stock price target for 2024?

1 brokerages have issued 12 month target prices for International General Insurance's stock. Their IGIC share price targets range from $15.00 to $15.00. On average, they predict the company's share price to reach $15.00 in the next year. This suggests a possible upside of 11.3% from the stock's current price. View analysts price targets for IGIC or view top-rated stocks among Wall Street analysts .

How have IGIC shares performed in 2024?

International General Insurance's stock was trading at $12.88 on January 1st, 2024. Since then, IGIC stock has increased by 4.6% and is now trading at $13.4750. View the best growth stocks for 2024 here .

Are investors shorting International General Insurance?

International General Insurance saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 49,600 shares, an increase of 171.0% from the March 15th total of 18,300 shares. Based on an average trading volume of 58,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the company's stock are sold short. View International General Insurance's Short Interest .

When is International General Insurance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our IGIC earnings forecast .

How can I listen to International General Insurance's earnings call?

International General Insurance will be holding an earnings conference call on Wednesday, May 8th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were International General Insurance's earnings last quarter?

International General Insurance Holdings Ltd. (NASDAQ:IGIC) announced its quarterly earnings results on Tuesday, March, 12th. The company reported $0.65 EPS for the quarter. The company had revenue of $122.80 million for the quarter. International General Insurance had a trailing twelve-month return on equity of 28.04% and a net margin of 25.06%.

How often does International General Insurance pay dividends? What is the dividend yield for International General Insurance?

International General Insurance announced a quarterly dividend on Tuesday, March 12th. Investors of record on Monday, April 1st will be paid a dividend of $0.51 per share on Monday, April 22nd. This represents a $2.04 annualized dividend and a dividend yield of 15.14%. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from the stock's previous quarterly dividend of $0.01. Read our dividend analysis for IGIC .

Is International General Insurance a good dividend stock?

International General Insurance (NASDAQ:IGIC) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.30%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 1.57%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IGIC .

What ETF holds International General Insurance's stock?

Ballast Small/Mid Cap ETF holds 211,854 shares of IGIC stock, representing 2.10% of its portfolio.

What guidance has International General Insurance issued on next quarter's earnings?

International General Insurance updated its FY 2023 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 2.880-2.880 for the period, compared to the consensus estimate of 2.920. The company issued revenue guidance of -.

How do I buy shares of International General Insurance?

Shares of IGIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:IGIC

International General Insurance (IGIC) Stock Price, News & Analysis

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Free IGIC Stock Alerts

$13.48

-0.03 (-0.22%)

(As of 04/18/2024 ET)

Compare

Today's Range: $13.44
▼
$13.74
50-Day Range: $11.87
▼
$13.91
52-Week Range: $8.00
▼
$14.14

Volume: 50,817 shs
Average Volume: 71,086 shs
Market Capitalization: $620.79 million

P/E Ratio: 5.28
Dividend Yield: 0.30%
Price Target: $15.00

Get International General Insurance alerts:

International General Insurance MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 11.3% Upside
$15.00 Price Target
Short Interest: Healthy
0.35% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.55 out of 5 stars

Finance Sector

750th out of 851 stocks

Insurance Carriers, Not Elsewhere Classified Industry

2nd out of 2 stocks

2.5

Analyst's Opinion

Consensus Rating
International General Insurance has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
International General Insurance has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.35% of the float of International General Insurance has been sold short.
Short Interest Ratio / Days to Cover
International General Insurance has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in International General Insurance has recently increased by 171.04%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
International General Insurance has a dividend yield of 0.30%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
International General Insurance has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of International General Insurance is 1.57%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IGIC.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for International General Insurance this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added International General Insurance to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, International General Insurance insiders have not sold or bought any company stock.
Percentage Held by Insiders
20.10% of the stock of International General Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.24% of the stock of International General Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of International General Insurance is 5.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of International General Insurance is 5.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.65.
Price to Book Value per Share Ratio
International General Insurance has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About International General Insurance Stock (NASDAQ:IGIC)

International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, motor, marine liability, contingency, marine, treaty, and casualty insurance and reinsurance. The company was founded in 2001 and is based in Amman, Jordan.

IGIC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IGIC Stock News Headlines

April 16, 2024 | businesswire.com

IGI to Release First Quarter 2024 Financial Results on May 7, 2024

April 11, 2024 | americanbankingnews.com

Short Interest in International General Insurance Holdings Ltd. (NASDAQ:IGIC) Rises By 171.0%

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 10, 2024 | finance.yahoo.com

IGI Announces that it has Filed its Full Year 2023 Annual Report on Form 20-F, including Audited Financial Statements, with the SEC

April 10, 2024 | businesswire.com

IGI Announces that it has Filed its Full Year 2023 Annual Report on Form 20-F, including Audited Financial Statements, with the SEC

March 16, 2024 | finance.yahoo.com

IGIC Apr 2024 15.000 call

March 16, 2024 | markets.businessinsider.com

RBC Capital Sticks to Its Buy Rating for International General Insurance Holdings (IGIC)

March 15, 2024 | msn.com

International General Insurance Holdings Ltd. (NASDAQ:IGIC) Q4 2023 Earnings Call Transcript

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 13, 2024 | benzinga.com

Recap: Intl General Insurance Q4 Earnings

March 13, 2024 | msn.com

International General Insurance declares $0.01 dividend and extraordinary cash dividend of $0.50

March 12, 2024 | msn.com

International General Insurance Holdings Non-GAAP EPS of $0.65 in-line

March 12, 2024 | businesswire.com

IGI Declares Extraordinary Cash Dividend and Regular Ordinary Common Share Dividend

March 12, 2024 | businesswire.com

IGI Reports Fourth Quarter and Full Year 2023 Condensed and Unaudited Financial Results

March 12, 2024 | msn.com

Hong Kong general insurance market to hit $10.9bn by 2028

March 11, 2024 | benzinga.com

Earnings Outlook For Intl General Insurance

March 11, 2024 | msn.com

International General Insurance Holdings Q4 2023 Earnings Preview

March 8, 2024 | msn.com

Hub International snaps up Alliance Insurance assets

February 29, 2024 | finanznachrichten.de

INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD

February 29, 2024 | finance.yahoo.com

IGI Provides Preliminary Unaudited Fourth Quarter and Full Year 2023 Financial Results Highlights in Advance of the Annual AIFA Conference

February 21, 2024 | latimes.com

Generali Travel Insurance Review 2024

February 14, 2024 | seekingalpha.com

International General Insurance: An Exceptional, Undiscovered Small-Cap

February 14, 2024 | msn.com

American International Group Non-GAAP EPS of $1.79 beats by $0.15

February 6, 2024 | msn.com

Opportunity International Savings and Loans receives ISO/IEC 27001 certification

February 6, 2024 | msn.com

Insurance Premium Income May Cross N1trn In 2024 – DG, NIA

February 1, 2024 | finance.yahoo.com

Chuck Royce Adjusts Position in International General Insurance Holdings Ltd

January 23, 2024 | finance.yahoo.com

IGI to Release Fourth Quarter and Full Year 2023 Financial Results on March 12, 2024

See More Headlines

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Company Calendar

Last Earnings: 3/12/2024
Ex-Dividend for 4/22 Dividend: 3/28/2024
Today: 4/19/2024
Dividend Payable: 4/22/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Insurance carriers, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:IGIC
CUSIP: N/A
CIK: 1794338
Web: www.iginsure.com
Phone: (626) 562-2009
Fax: N/A
Employees: 401
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.00
High Stock Price Target: $15.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +11.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.55
Trailing P/E Ratio: 5.28
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $118.19 million
Net Margins: 25.06%
Pretax Margin: 28.19%
Return on Equity: 28.04%
Return on Assets: 7.71%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.66
Quick Ratio: 0.66

Sales & Book Value

Annual Sales: $472 million
Price / Sales: 1.32
Cash Flow: $2.94 per share
Price / Cash Flow: 4.58
Book Value: $11.73 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 46,070,000
Free Float: 36,813,000
Market Cap: $620.79 million
Optionable: Optionable
Beta: 0.18

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Key Executives

Mr. Wasef Salim Jabsheh (Age 81)
Founder & Executive Chairman
Mr. Waleed Wasef Jabsheh (Age 48)
CEO, President & Director
Mr. Pervez Rizvi (Age 63)
Group Chief Financial Officer
Mr. Hatem Wasef Jabsheh (Age 44)
Group Chief Operating Officer
Mr. Mamraj Chahar
Vice President of Investment
Mr. Ruwan Perera
Group Chief Technology & Information Officer
Ms. Robin Sidders
Head of Investor Relations
Ms. Rawan Alsulaiman
Chief Legal & Compliance Officer and Company Secretary
Aaida Abu Jaber
Assistant Vice President of PR & Marketing
Mr. Tandy Harris
Chief Human Resources Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

IGIC Stock Analysis - Frequently Asked Questions

Should I buy or sell International General Insurance stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for International General Insurance in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IGIC shares.
View IGIC analyst ratings or view top-rated stocks.
What is International General Insurance's stock price target for 2024?: 1 brokerages have issued 12 month target prices for International General Insurance's stock. Their IGIC share price targets range from $15.00 to $15.00. On average, they predict the company's share price to reach $15.00 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
View analysts price targets for IGIC or view top-rated stocks among Wall Street analysts.
How have IGIC shares performed in 2024?: International General Insurance's stock was trading at $12.88 on January 1st, 2024. Since then, IGIC stock has increased by 4.6% and is now trading at $13.4750.
View the best growth stocks for 2024 here.
Are investors shorting International General Insurance?: International General Insurance saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 49,600 shares, an increase of 171.0% from the March 15th total of 18,300 shares. Based on an average trading volume of 58,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the company's stock are sold short.
View International General Insurance's Short Interest.
When is International General Insurance's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our IGIC earnings forecast.
How can I listen to International General Insurance's earnings call?: International General Insurance will be holding an earnings conference call on Wednesday, May 8th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were International General Insurance's earnings last quarter?: International General Insurance Holdings Ltd. (NASDAQ:IGIC) announced its quarterly earnings results on Tuesday, March, 12th. The company reported $0.65 EPS for the quarter. The company had revenue of $122.80 million for the quarter. International General Insurance had a trailing twelve-month return on equity of 28.04% and a net margin of 25.06%.
How often does International General Insurance pay dividends? What is the dividend yield for International General Insurance?: International General Insurance announced a quarterly dividend on Tuesday, March 12th. Investors of record on Monday, April 1st will be paid a dividend of $0.51 per share on Monday, April 22nd. This represents a $2.04 annualized dividend and a dividend yield of 15.14%. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for IGIC.
Is International General Insurance a good dividend stock?: International General Insurance (NASDAQ:IGIC) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.30%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 1.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IGIC.
What ETF holds International General Insurance's stock?: Ballast Small/Mid Cap ETF holds 211,854 shares of IGIC stock, representing 2.10% of its portfolio.
What guidance has International General Insurance issued on next quarter's earnings?: International General Insurance updated its FY 2023 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 2.880-2.880 for the period, compared to the consensus estimate of 2.920. The company issued revenue guidance of -.
How do I buy shares of International General Insurance?: Shares of IGIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IGIC) was last updated on 4/19/2024 by MarketBeat.com Staff

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