International General Insurance Holdings Ltd. (NASDAQ:IGIC) Shares Sold by Boston Partners

Boston Partners cut its position in International General Insurance Holdings Ltd. (NASDAQ:IGIC) by 38.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,662 shares of the company’s stock after selling 20,688 shares during the period. Boston Partners’ holdings in International General Insurance were worth $800,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Kingsview Wealth Management LLC purchased a new stake in shares of International General Insurance in the third quarter worth about $265,000. Geode Capital Management LLC boosted its stake in shares of International General Insurance by 3.2% in the third quarter. Geode Capital Management LLC now owns 27,877 shares of the company’s stock worth $530,000 after buying an additional 859 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of International General Insurance in the third quarter worth about $372,000. JPMorgan Chase & Co. boosted 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 buying an additional 3,562 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of International General Insurance in the fourth quarter worth about $60,000. 54.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IGIC has been the topic of a number of recent research reports. Oppenheimer upped their target price on International General Insurance from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada upped their target price on International General Insurance from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th.

International General Insurance Trading Down 2.9 %

Shares of IGIC stock opened at $26.23 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 8.57 and a beta of 0.26. The business’s 50 day moving average is $25.40 and its two-hundred day moving average is $23.22. International General Insurance Holdings Ltd. has a 12-month low of $12.83 and a 12-month high of $27.76.

International General Insurance (NASDAQ:IGIC) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $135.20 million for the quarter, compared to the consensus estimate of $136.20 million. International General Insurance had a return on equity of 22.78% and a net margin of 26.24%. On average, research analysts predict that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current fiscal year.

International General Insurance Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.85 per share. The ex-dividend date is Friday, April 4th. This represents a yield of 0.4%. International General Insurance’s dividend payout ratio is currently 3.34%.

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.