International General Insurance (NASDAQ:IGIC – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 15th. Investors interested in participating in the company’s conference call can do so using this link.
International General Insurance (NASDAQ:IGIC – Get Free Report) last posted its earnings results on Tuesday, May 16th. The company reported $0.62 EPS for the quarter. International General Insurance had a net margin of 22.59% and a return on equity of 22.85%. The company had revenue of $118.00 million for the quarter.
International General Insurance Stock Down 0.4 %
Shares of NASDAQ IGIC opened at $9.78 on Tuesday. The firm has a market cap of $459.95 million, a price-to-earnings ratio of 4.75 and a beta of 0.17. International General Insurance has a 52-week low of $7.19 and a 52-week high of $9.99. The business’s 50 day moving average is $9.00 and its two-hundred day moving average is $8.57.
International General Insurance Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Thursday, June 1st. International General Insurance’s payout ratio is 1.94%.
Hedge Funds Weigh In On International General Insurance
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in International General Insurance by 26.4% during the first quarter. Envestnet Asset Management Inc. now owns 16,228 shares of the company’s stock worth $135,000 after purchasing an additional 3,386 shares during the last quarter. UBS Group AG purchased a new stake in International General Insurance during the fourth quarter worth approximately $28,000. Schonfeld Strategic Advisors LLC lifted its stake in International General Insurance by 12.2% during the first quarter. Schonfeld Strategic Advisors LLC now owns 48,900 shares of the company’s stock worth $405,000 after purchasing an additional 5,300 shares during the last quarter. Sei Investments Co. raised its stake in International General Insurance by 21.5% during the 1st quarter. Sei Investments Co. now owns 53,897 shares of the company’s stock worth $447,000 after acquiring an additional 9,535 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in International General Insurance during the 2nd quarter worth $79,000. Hedge funds and other institutional investors own 23.56% of the company’s stock.
International General Insurance Company Profile
(Get Free Report)
International General Insurance Holdings Ltd. provides specialty insurance and reinsurance solutions worldwide. It operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. The company underwrites a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, marine, contingency, treaty, and casualty reinsurance.
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