International General Insurance Holdings Ltd. (NASDAQ:IGIC – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.82 and last traded at $12.42, with a volume of 197501 shares traded. The stock had previously closed at $11.99.
Analysts Set New Price Targets
Separately, Royal Bank of Canada increased their price target on International General Insurance from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th.
Get Our Latest Stock Analysis on IGIC
International General Insurance Stock Down 1.0 %
The firm has a market capitalization of $578.52 million, a P/E ratio of 5.21 and a beta of 0.16. The stock has a fifty day moving average of $11.31 and a 200-day moving average of $10.27.
International General Insurance (NASDAQ:IGIC – Get Free Report) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $101.30 million during the quarter. International General Insurance had a return on equity of 25.87% and a net margin of 24.04%.
International General Insurance Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. International General Insurance’s payout ratio is presently 1.69%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of IGIC. UBS Group AG acquired a new position in International General Insurance during the fourth quarter valued at approximately $28,000. Tucker Asset Management LLC acquired a new position in International General Insurance during the first quarter valued at approximately $43,000. Lazard Asset Management LLC acquired a new position in International General Insurance during the third quarter valued at approximately $72,000. Millennium Management LLC acquired a new position in International General Insurance during the second quarter valued at approximately $79,000. Finally, Acadian Asset Management LLC boosted its position in International General Insurance by 52.7% during the second quarter. Acadian Asset Management LLC now owns 11,327 shares of the company’s stock valued at $101,000 after purchasing an additional 3,910 shares during the last quarter. 71.68% of the stock is currently owned by institutional investors.
About International General Insurance
(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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