Russell Investments Group Ltd. Sells 82,237 Shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Russell Investments Group Ltd. lowered its stake in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,082 shares of the company's stock after selling 82,237 shares during the quarter. Russell Investments Group Ltd. owned about 0.79% of International General Insurance worth $8,603,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IGIC. Diamond Hill Capital Management Inc. grew its holdings in shares of International General Insurance by 8.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 190,563 shares of the company's stock worth $4,528,000 after purchasing an additional 14,890 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in International General Insurance by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 189,825 shares of the company's stock worth $4,510,000 after buying an additional 525 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in International General Insurance during the fourth quarter worth about $2,233,000. Navellier & Associates Inc. increased its holdings in International General Insurance by 73.4% in the 4th quarter. Navellier & Associates Inc. now owns 62,157 shares of the company's stock valued at $1,477,000 after buying an additional 26,311 shares during the period. Finally, Franklin Resources Inc. acquired a new position in shares of International General Insurance in the 4th quarter valued at approximately $830,000. Institutional investors own 54.24% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of International General Insurance from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. 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.

International General Insurance Trading Up 1.5 %

NASDAQ IGIC traded up $0.37 during trading on Tuesday, hitting $24.78. 182,812 shares of the company's stock were exchanged, compared to its average volume of 95,484. The company has a market cap of $1.12 billion, a PE ratio of 8.10 and a beta of 0.05. The stock's 50 day moving average price is $25.43 and its two-hundred day moving average price is $24.03. International General Insurance Holdings Ltd. has a fifty-two week low of $12.83 and a fifty-two week high of $27.76.

International General Insurance (NASDAQ:IGIC - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.89 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $135.20 million during the quarter, compared to the consensus estimate of $136.20 million. Analysts forecast that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current fiscal year.

International General Insurance Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.85 dividend. The ex-dividend date is Friday, April 4th. This represents a dividend yield of 0.4%. International General Insurance's dividend payout ratio is 3.34%.

About International General Insurance

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.