Atria Wealth Solutions Inc. Sells 20,500 Shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Atria Wealth Solutions Inc. lessened its stake in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC) by 25.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,000 shares of the company’s stock after selling 20,500 shares during the period. Atria Wealth Solutions Inc.’s holdings in International General Insurance were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in IGIC. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of International General Insurance by 31.6% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 189,300 shares of the company’s stock valued at $3,597,000 after acquiring an additional 45,455 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in International General Insurance during the third quarter valued at $3,338,000. Kingsview Wealth Management LLC purchased a new stake in International General Insurance during the third quarter valued at $265,000. Geode Capital Management LLC lifted its position in International General Insurance by 3.2% during the third quarter. Geode Capital Management LLC now owns 27,877 shares of the company’s stock valued at $530,000 after purchasing an additional 859 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of International General Insurance in the 3rd quarter worth $372,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Oppenheimer began coverage on shares of International General Insurance in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock. Royal Bank of Canada upped their price objective on International General Insurance from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

International General Insurance Stock Down 2.2 %

Shares of IGIC opened at $25.96 on Monday. The business has a fifty day moving average of $24.74 and a 200 day moving average of $22.07. The company has a market cap of $1.19 billion, a PE ratio of 8.48 and a beta of 0.27. International General Insurance Holdings Ltd. has a 52-week low of $11.51 and a 52-week high of $27.66.

International General Insurance Company 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.