International General Insurance (NASDAQ:IGIC) Trading Up 0.1%

International General Insurance Holdings Ltd. (NASDAQ:IGICGet Free Report) was up 0.1% during mid-day trading on Wednesday . The stock traded as high as $14.19 and last traded at $14.19. Approximately 83,950 shares were traded during trading, an increase of 32% from the average daily volume of 63,717 shares. The stock had previously closed at $14.18.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated an “outperform” rating and set a $15.00 target price on shares of International General Insurance in a research report on Thursday, March 14th.

Check Out Our Latest Analysis on International General Insurance

International General Insurance Stock Performance

The stock has a fifty day moving average of $14.27 and a 200-day moving average of $13.54. The company has a market cap of $653.73 million, a PE ratio of 5.26 and a beta of 0.22.

International General Insurance (NASDAQ:IGICGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $130.10 million during the quarter. International General Insurance had a net margin of 25.26% and a return on equity of 28.24%.

International General Insurance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 3rd were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.70%. The ex-dividend date was Monday, June 3rd. International General Insurance’s dividend payout ratio is presently 3.70%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Heartland Advisors Inc. increased its stake in International General Insurance by 0.3% in the 4th quarter. Heartland Advisors Inc. now owns 746,800 shares of the company’s stock worth $9,619,000 after buying an additional 2,200 shares during the period. Acadian Asset Management LLC increased its position in International General Insurance by 35.8% during the 1st quarter. Acadian Asset Management LLC now owns 163,721 shares of the company’s stock valued at $2,216,000 after purchasing an additional 43,204 shares during the period. Quadrature Capital Ltd increased its position in International General Insurance by 27.7% during the 4th quarter. Quadrature Capital Ltd now owns 120,636 shares of the company’s stock valued at $1,554,000 after purchasing an additional 26,190 shares during the period. Sei Investments Co. increased its position in International General Insurance by 198.4% during the 1st quarter. Sei Investments Co. now owns 120,319 shares of the company’s stock valued at $1,629,000 after purchasing an additional 80,000 shares during the period. Finally, Atria Wealth Solutions Inc. increased its position in International General Insurance by 30.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 86,000 shares of the company’s stock valued at $1,108,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 54.24% of the company’s stock.

International General Insurance Company Profile

(Get Free Report)

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.

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