XTX Topco Ltd bought a new stake in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 16,143 shares of the company's stock, valued at approximately $384,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Renaissance Technologies LLC grew its position in International General Insurance by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 115,500 shares of the company's stock worth $2,744,000 after acquiring an additional 21,000 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of International General Insurance in the 4th quarter worth about $830,000. JPMorgan Chase & Co. increased its position in shares of International General Insurance by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 22,291 shares of the company's stock valued at $530,000 after purchasing an additional 5,434 shares during the last quarter. LPL Financial LLC purchased a new position in shares of International General Insurance during the 4th quarter valued at about $554,000. Finally, Quantbot Technologies LP bought a new stake in International General Insurance in the 4th quarter worth approximately $87,000. Hedge funds and other institutional investors own 54.24% of the company's stock.
Analyst Upgrades and Downgrades
IGIC has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of International General Insurance from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Royal Bank of Canada upped their price target on shares of International General Insurance from $28.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th.
Check Out Our Latest Analysis on International General Insurance
International General Insurance Price Performance
Shares of International General Insurance stock opened at $24.45 on Wednesday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 7.99 and a beta of 0.05. International General Insurance Holdings Ltd. has a one year low of $12.83 and a one year high of $27.76. The business's 50 day simple moving average is $25.28 and its two-hundred day simple moving average is $24.22.
International General Insurance (NASDAQ:IGIC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. The company had revenue of $135.20 million during the quarter, compared to analyst estimates of $136.20 million. International General Insurance had a net margin of 26.24% and a return on equity of 22.78%. Sell-side analysts expect that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current fiscal year.
International General Insurance Announces Dividend
The firm also recently announced a -- dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.85 dividend. The ex-dividend date was Friday, April 4th. This represents a dividend yield of 0.4%. International General Insurance's payout ratio is presently 3.34%.
About International General Insurance
(
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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