Shares of International General Insurance Coverage Holdings Ltd. ( NASDAQ: IGIC— Shares of International General Insurance Coverage Holdings Ltd. ( NASDAQ: IGIC— Secure Free Report) saw strong trading volume on Thursday. 22,987 shares altered hands throughout mid-day trading, a decrease of 62% from the previous session’s volume of 61,100 shares.The stock last traded at $12.36 and had actually formerly closed at $12.04.
Experts Set New Cost Targets
Independently, Royal Bank of Canada raised their cost goal on International General Insurance Coverage from $11.00 to $12.00 and offered the stock an “outperform” ranking in a research study report on Thursday, August 17th.
Read Our Most Current Stock Analysis on International General Insurance Coverage
International General Insurance Coverage Cost Efficiency
The business has a market cap of $563.42 million, a PE ratio of 5.08 and a beta of 0.14. Business has a 50-day moving average of $11.19 and a 200 day moving average of $9.94.
International General Insurance Coverage ( NASDAQ: IGIC— Secure Free Report) last published its quarterly incomes information on Tuesday, August 15th. The business reported $0.83 EPS for the quarter. International General Insurance coverage had a return on equity of 26.27% and a net margin of 24.04%. The business had earnings of $129.90 million throughout the quarter.
International General Insurance Coverage Announces Dividend
Business likewise just recently stated a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be released a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, November 29th. International General Insurance coverage’s dividend payment ratio is currently 1.69%.
Institutional Trading of International General Insurance Coverage
A number of hedge funds have actually just recently purchased and offered shares of IGIC. UBS Group AG purchased a brand-new stake in International General Insurance coverage throughout the 4th quarter valued at about $28,000. Tucker Property Management LLC purchased a brand-new position in shares of International General Insurance coverage in the very first quarter worth about $43,000. Lazard Property Management LLC purchased a brand-new position in shares of International General Insurance coverage in the 3rd quarter worth about $72,000. Centuries Management LLC purchased a brand-new position in shares of International General Insurance coverage in the 2nd quarter worth about $79,000. Lastly, Envestnet Property Management Inc. purchased a brand-new position in shares of International General Insurance coverage in the 2nd quarter worth about $100,000. Institutional financiers own 71.68% of the business’s stock.
About International General Insurance Coverage
International General Insurance coverage Holdings Ltd. supplies specialized insurance coverage and reinsurance options worldwide. It runs through 3 sections: Specialized Long-tail, Specialized Short-tail, and Reinsurance. The business finances a portfolio of specialized dangers, consisting of energy, residential or commercial property, building and construction and engineering, ports and terminals, basic air travel, political violence, expert lines, banks, marine, contingency, treaty, and casualty reinsurance.
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