International General Insurance Holdings Ltd. (NASDAQ:IGIC - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $25.50 and last traded at $25.50, with a volume of 371 shares traded. The stock had previously closed at $24.73.
Analysts Set New Price Targets
Separately, Royal Bank of Canada lifted their target price on shares of International General Insurance from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, November 7th.
Get Our Latest Research Report on IGIC
International General Insurance Stock Up 1.4 %
The company has a market cap of $1.15 billion, a price-to-earnings ratio of 8.33 and a beta of 0.21. The stock has a 50 day simple moving average of $20.20 and a 200 day simple moving average of $17.07.
International General Insurance (NASDAQ:IGIC - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.11. International General Insurance had a net margin of 26.24% and a return on equity of 22.78%. The firm had revenue of $138.10 million for the quarter.
International General Insurance Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.025 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.10 annualized dividend and a yield of 0.40%. International General Insurance's dividend payout ratio (DPR) is 3.27%.
Institutional Trading of International General Insurance
Hedge funds have recently made changes to their positions in the stock. Simplicity Wealth LLC bought a new stake in International General Insurance in the second quarter valued at $152,000. LSV Asset Management acquired a new position in International General Insurance during the 2nd quarter valued at about $179,000. Virtu Financial LLC acquired a new position in International General Insurance during the 1st quarter valued at about $209,000. Victory Capital Management Inc. bought a new position in International General Insurance in the 2nd quarter worth about $229,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of International General Insurance in the third quarter valued at approximately $265,000. Institutional investors own 54.24% of the company's stock.
About International General Insurance
(
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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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