ORG Wealth Partners LLC Buys Shares of 2,535 International General Insurance Holdings Ltd. (NASDAQ:IGIC)

ORG Wealth Partners LLC bought a new stake in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,535 shares of the company’s stock, valued at approximately $60,000.

Several other institutional investors also recently bought and sold shares of the stock. LSV Asset Management bought a new position in shares of International General Insurance in the second quarter worth about $179,000. Kingsview Wealth Management LLC bought a new position in shares of International General Insurance in the third quarter worth about $265,000. Exchange Traded Concepts LLC bought a new position in shares of International General Insurance in the third quarter worth about $303,000. Victory Capital Management Inc. bought a new position in shares of International General Insurance in the second quarter worth about $229,000. Finally, JPMorgan Chase & Co. increased its stake in shares of International General Insurance by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 16,857 shares of the company’s stock worth $320,000 after purchasing an additional 3,562 shares during the period. 54.24% of the stock is currently owned by institutional investors.

International General Insurance Stock Down 3.8 %

IGIC stock opened at $23.08 on Friday. International General Insurance Holdings Ltd. has a twelve month low of $11.51 and a twelve month high of $27.00. The company has a market cap of $1.06 billion, a PE ratio of 7.54 and a beta of 0.27. The business’s 50-day simple moving average is $24.48 and its 200 day simple moving average is $19.92.

International General Insurance (NASDAQ:IGIC) last released its earnings results on Tuesday, November 5th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $138.10 million for the quarter. International General Insurance had a return on equity of 22.78% and a net margin of 26.24%. On average, equities research analysts anticipate that International General Insurance Holdings Ltd. will post 2.91 EPS for the current year.

International General Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Tuesday, December 3rd. International General Insurance’s payout ratio is 3.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Oppenheimer assumed coverage on International General Insurance in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Royal Bank of Canada lifted their price objective on International General Insurance from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

International General Insurance Profile

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.