XTX Topco Ltd Takes Position in International General Insurance Holdings Ltd. (NASDAQ:IGIC)

XTX Topco Ltd purchased a new stake in International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 16,143 shares of the company's stock, valued at approximately $384,000.

A number of other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of International General Insurance by 22.2% in the 4th quarter. Renaissance Technologies LLC now owns 115,500 shares of the company's stock valued at $2,744,000 after acquiring an additional 21,000 shares during the period. Franklin Resources Inc. acquired a new stake in shares of International General Insurance in the 4th quarter valued at approximately $830,000. JPMorgan Chase & Co. raised its position in shares of International General Insurance by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 22,291 shares of the company's stock valued at $530,000 after acquiring an additional 5,434 shares during the period. LPL Financial LLC acquired a new stake in shares of International General Insurance in the 4th quarter valued at approximately $554,000. Finally, Quantbot Technologies LP acquired a new stake in International General Insurance during the 4th quarter worth approximately $87,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

International General Insurance Stock Performance

IGIC stock traded up $0.21 during mid-day trading on Monday, hitting $24.67. 44,137 shares of the company were exchanged, compared to its average volume of 96,124. The firm has a market cap of $1.11 billion, a P/E ratio of 8.06 and a beta of 0.05. The firm's 50 day simple moving average is $25.10 and its 200 day simple moving average is $24.41. International General Insurance Holdings Ltd. has a 1-year low of $12.83 and a 1-year high of $27.76.

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

International General Insurance Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a dividend yield of 0.4%. International General Insurance's dividend payout ratio (DPR) is presently 3.34%.

Analyst Upgrades and Downgrades

IGIC has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of International General Insurance from $28.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Oppenheimer raised their target price on shares of International General Insurance from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th.

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.