US Bancorp DE Has $125,000 Position in International General Insurance Holdings Ltd. (NASDAQ:IGIC)

US Bancorp DE boosted its stake in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC) by 850.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,753 shares of the company’s stock after buying an additional 4,253 shares during the quarter. US Bancorp DE’s holdings in International General Insurance were worth $125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IGIC. LPL Financial LLC acquired a new position in shares of International General Insurance in the 4th quarter valued at about $554,000. JPMorgan Chase & Co. raised its stake in International General Insurance by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 22,291 shares of the company’s stock worth $530,000 after buying an additional 5,434 shares during the period. Renaissance Technologies LLC raised its stake in International General Insurance by 22.2% during the 4th quarter. Renaissance Technologies LLC now owns 115,500 shares of the company’s stock worth $2,744,000 after buying an additional 21,000 shares during the period. XTX Topco Ltd acquired a new position in International General Insurance during the 4th quarter worth approximately $384,000. Finally, Beacon Pointe Advisors LLC acquired a new position in International General Insurance during the 4th quarter worth approximately $605,000. 54.24% of the stock is owned by institutional investors and hedge funds.

International General Insurance Stock Performance

IGIC stock opened at $23.85 on Friday. The stock’s 50 day simple moving average is $23.61 and its 200 day simple moving average is $24.39. The company has a market cap of $1.06 billion, a P/E ratio of 8.64 and a beta of 0.27. International General Insurance Holdings Ltd. has a fifty-two week low of $16.25 and a fifty-two week high of $27.76.

International General Insurance (NASDAQ:IGIC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The company had revenue of $132.90 million for the quarter, compared to the consensus estimate of $140.40 million. International General Insurance had a return on equity of 17.40% and a net margin of 23.52%. Equities analysts predict that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current year.

International General Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Monday, September 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. International General Insurance’s dividend payout ratio is currently 7.25%.

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.