International General Insurance Holdings Ltd. (NASDAQ:IGIC) Shares Acquired by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. lifted its holdings in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 190,563 shares of the company's stock after purchasing an additional 14,890 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.41% of International General Insurance worth $4,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of IGIC. Sowell Financial Services LLC purchased a new position in International General Insurance during the 4th quarter valued at about $2,233,000. PNC Financial Services Group Inc. purchased a new position in International General Insurance during the 4th quarter valued at about $95,000. Navellier & Associates Inc. boosted its holdings in International General Insurance by 73.4% during the 4th quarter. Navellier & Associates Inc. now owns 62,157 shares of the company's stock valued at $1,477,000 after acquiring an additional 26,311 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in International General Insurance by 0.3% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 189,825 shares of the company's stock valued at $4,510,000 after acquiring an additional 525 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in International General Insurance during the 4th quarter valued at about $177,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

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International General Insurance Stock Performance

IGIC stock traded up $0.14 during mid-day trading on Wednesday, reaching $25.63. The company had a trading volume of 30,886 shares, compared to its average volume of 88,413. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.38 and a beta of 0.26. The firm has a fifty day simple moving average of $25.25 and a 200 day simple moving average of $23.09. International General Insurance Holdings Ltd. has a fifty-two week low of $12.82 and a fifty-two week high of $27.76.

International General Insurance (NASDAQ:IGIC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. The company had revenue of $135.20 million for the quarter, compared to analyst estimates of $136.20 million. International General Insurance had a return on equity of 22.78% and a net margin of 26.24%. As a group, analysts predict that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on IGIC shares. Royal Bank of Canada raised their target price on International General Insurance from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Oppenheimer increased their price target on International General Insurance from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th.

International General Insurance 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.