International General Insurance (IGIC) Stock Price, News & Analysis

Company Overview

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. The company was founded in 2001 and is based in Amman, Jordan.

Key Stats

• Today's Range: $23.73 to $24.36
• 50-Day Range: $19.06 to $26.60
• 52-Week Range: $11.51 to $27.00
• Volume: 68,013 shs
• Average Volume: 82,325 shs
• Market Capitalization: $1.10 billion
• P/E Ratio: 7.81
• Dividend Yield: 0.42%
• Price Target: $28.00
• Consensus Rating: Buy

International General Insurance Stock Analysis - MarketRank™

International General Insurance scored higher than 62% of companies evaluated by MarketBeat, and ranked 377th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

International General Insurance has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

International General Insurance has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.12%

Earnings Growth

Earnings for International General Insurance are expected to grow by 4.12% in the coming year, from $2.91 to $3.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of International General Insurance is 7.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of International General Insurance is 7.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.96.

Price to Book Value per Share Ratio

International General Insurance has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.77% of the float of International General Insurance has been sold short.

Short Interest Ratio / Days to Cover

International General Insurance has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in International General Insurance has recently decreased by 33.56%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

International General Insurance has a dividend yield of 0.41%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

International General Insurance does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of International General Insurance is 3.27%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, International General Insurance will have a dividend payout ratio of 3.30% next year. This indicates that International General Insurance will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.77% of the float of International General Insurance has been sold short.

Short Interest Ratio / Days to Cover

International General Insurance has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in International General Insurance has recently decreased by 33.56%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 3 people have searched for IGIC on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added International General Insurance to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, International General Insurance insiders have not sold or bought any company stock.

Percentage Held by Insiders

20.10% of the stock of International General Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

54.24% of the stock of International General Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IGIC Stock Analysis - Frequently Asked Questions

How have IGIC shares performed this year?

International General Insurance's stock was trading at $12.88 on January 1st, 2024. Since then, IGIC stock has increased by 85.5% and is now trading at $23.89.
View the best growth stocks for 2024 here.

How were International General Insurance's earnings last quarter?

International General Insurance Holdings Ltd. (NASDAQ:IGIC) released its quarterly earnings results on Tuesday, November, 5th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.11. The business had revenue of $138.10 million for the quarter. International General Insurance had a trailing twelve-month return on equity of 22.78% and a net margin of 26.24%.

Who are International General Insurance's major shareholders?

Top institutional investors of International General Insurance include Royce & Associates LP (6.67%), Deroy & Devereaux Private Investment Counsel Inc. (0.41%), Diamond Hill Capital Management Inc. (0.38%) and Navellier & Associates Inc. (0.08%).

How do I buy shares of International General Insurance?

Shares of IGIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of International General Insurance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that International General Insurance investors own include NVIDIA (NVDA), Broadcom (AVGO), e.l.f. Beauty (ELF), Builders FirstSource (BLDR), Disc Medicine (IRON), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 11/05/2024
• Ex-Dividend for 12/18 Dividend: 12/03/2024
• Dividend Payable: 12/18/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Insurance carriers, not elsewhere classified
• Sub-Industry: Insurance
• Current Symbol: NASDAQ:IGIC
• CUSIP: N/A
• CIK: 1794338
• Web: www.iginsure.com
• Phone: (626) 562-2009
• Fax: N/A
• Employees: 290
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $28.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: +17.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.06
• Trailing P/E Ratio: 7.81
• Forward P/E Ratio: 8.21
• P/E Growth: N/A
• Net Income: $118.19 million
• Net Margins: 26.24%
• Pretax Margin: 26.80%
• Return on Equity: 22.78%
• Return on Assets: 6.93%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.57
• Quick Ratio: 0.57

Sales & Book Value

• Annual Sales: $534.98 million
• Price / Sales: 2.05
• Cash Flow: $2.93 per share
• Price / Cash Flow: 8.14
• Book Value: $11.73 per share
• Price / Book: 2.04

Miscellaneous

• Outstanding Shares: 45,954,000
• Free Float: 36,717,000
• Market Cap: $1.10 billion
• Optionable: Optionable
• Beta: 0.25