International General Insurance (NASDAQ:IGIC – Get a rating) last released its quarterly results on Thursday, August 18. The company reported EPS of $0.60 for the quarter. International General Insurance posted a net margin of 16.59% and a return on equity of 19.32%. The company had revenue of $97.40 million in the quarter.
International general insurance stock down 0.1%
Shares of NASDAQ:IGIC opened at $7.65 on Thursday. The company has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $7.61. International General Insurance has a fifty-two week minimum of $6.72 and a fifty-two week maximum of $8.73. The company has a market capitalization of $377.19 million, a PE ratio of 5.75 and a beta of 0.21.
International General Insurance announces dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20. Shareholders of record on Monday, September 5 received a dividend of $0.01 per share. This represents a dividend of $0.04 on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, September 2. International General Insurance’s payout rate is 3.01%.
Institutional entries and exits
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Atria Wealth Solutions Inc. acquired a new stake in International General Insurance in the first quarter valued at $197,000. Envestnet Asset Management Inc. acquired a new stake in shares of International General Insurance in Q2 worth approximately $100,000. Finally, Millennium Management LLC acquired a new stake in shares of International General Insurance in the 2nd quarter for a value of approximately $79,000. Institutional investors and hedge funds hold 23.26% of the company’s shares.
About International General Insurance
International General Insurance Holdings Ltd. provides specialist insurance and reinsurance solutions worldwide. The Company operates through three segments: Specialty Long-tail, Specialty Short-tail and Reinsurance. It underwrites a diversified portfolio of specialist risks, including energy, real estate, construction and engineering, ports and terminals, general aviation, political violence, accidents, financial institutions, marine, contingencies and treaty reinsurance.
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