International General Insurance Holdings Ltd. (NASDAQ:IGIC) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its stake in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC) by 30.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 86,000 shares of the company’s stock after acquiring an additional 20,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in International General Insurance were worth $1,108,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IGIC. Quadrature Capital Ltd acquired a new position in International General Insurance in the 3rd quarter worth approximately $1,063,000. Acadian Asset Management LLC lifted its holdings in shares of International General Insurance by 492.4% in the third quarter. Acadian Asset Management LLC now owns 67,102 shares of the company’s stock valued at $756,000 after purchasing an additional 55,775 shares in the last quarter. Ballast Asset Management LP acquired a new stake in shares of International General Insurance in the third quarter worth $2,000,000. Finally, Jump Financial LLC purchased a new position in shares of International General Insurance during the third quarter valued at $142,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $15.00 price objective on shares of International General Insurance in a research note on Thursday, March 14th.

International General Insurance Stock Performance

IGIC stock opened at $13.50 on Friday. The firm has a 50 day simple moving average of $13.18 and a 200 day simple moving average of $12.61. International General Insurance Holdings Ltd. has a 52 week low of $8.05 and a 52 week high of $14.14. The stock has a market cap of $621.95 million, a P/E ratio of 5.29 and a beta of 0.20.

International General Insurance (NASDAQ:IGIC) last issued its earnings results on Tuesday, March 12th. The company reported $0.65 earnings per share (EPS) for the quarter. International General Insurance had a net margin of 25.06% and a return on equity of 28.04%. The company had revenue of $122.80 million during the quarter.

International General Insurance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were given a $0.51 dividend. This is a positive change from International General Insurance’s previous quarterly dividend of $0.01. This represents a $2.04 annualized dividend and a yield of 15.11%. The ex-dividend date was Thursday, March 28th. International General Insurance’s dividend payout ratio is presently 1.57%.

International General Insurance Company Profile

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.