Heartland Advisors Inc. decreased its holdings in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 540,150 shares of the company's stock after selling 73,450 shares during the period. Heartland Advisors Inc. owned about 1.18% of International General Insurance worth $12,834,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of International General Insurance in the 4th quarter worth approximately $60,000. Quantbot Technologies LP bought a new stake in International General Insurance in the fourth quarter valued at $87,000. PNC Financial Services Group Inc. bought a new stake in International General Insurance in the fourth quarter valued at $95,000. Geneos Wealth Management Inc. acquired a new position in shares of International General Insurance during the fourth quarter valued at $177,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of International General Insurance during the third quarter worth about $265,000. 54.24% of the stock is owned by institutional investors and hedge funds.
International General Insurance Trading Up 1.1 %
Shares of IGIC traded up $0.29 during midday trading on Tuesday, hitting $26.60. The stock had a trading volume of 53,626 shares, compared to its average volume of 88,530. International General Insurance Holdings Ltd. has a fifty-two week low of $12.83 and a fifty-two week high of $27.76. The business has a 50-day simple moving average of $25.66 and a two-hundred day simple moving average of $23.62. The firm has a market cap of $1.22 billion, a P/E ratio of 8.72 and a beta of 0.26.
International General Insurance (NASDAQ:IGIC - Get Free Report) last released its 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. International General Insurance had a return on equity of 22.78% and a net margin of 26.24%. The company had revenue of $135.20 million during the quarter, compared to analyst estimates of $136.20 million. On average, analysts expect that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current fiscal year.
International General Insurance Dividend Announcement
The business also recently announced a -- dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.85 per share. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, April 4th. International General Insurance's dividend payout ratio (DPR) is currently 3.34%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Royal Bank of Canada boosted their target price on shares of International General Insurance from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Oppenheimer lifted their target price on International General Insurance from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th.
Read Our Latest Stock Analysis on International General Insurance
International General Insurance Company Profile
(
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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