25,445 Shares in International General Insurance Holdings Ltd. (NASDAQ:IGIC) Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC bought a new position in International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,445 shares of the company's stock, valued at approximately $605,000. Beacon Pointe Advisors LLC owned about 0.06% of International General Insurance at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of International General Insurance during the 4th quarter valued at about $2,233,000. Virtu Financial LLC acquired a new stake in shares of International General Insurance during the 4th quarter worth about $427,000. Diamond Hill Capital Management Inc. lifted its holdings in International General Insurance by 8.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 190,563 shares of the company's stock worth $4,528,000 after buying an additional 14,890 shares in the last quarter. Geode Capital Management LLC raised its stake in International General Insurance by 3.2% in the third quarter. Geode Capital Management LLC now owns 27,877 shares of the company's stock valued at $530,000 after buying an additional 859 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in International General Insurance in the fourth quarter valued at approximately $554,000. Hedge funds and other institutional investors own 54.24% of the company's stock.

International General Insurance Stock Performance

NASDAQ IGIC traded up $0.11 on Friday, reaching $23.03. The company's stock had a trading volume of 101,018 shares, compared to its average volume of 97,017. The stock has a market cap of $1.04 billion, a PE ratio of 7.53 and a beta of 0.24. International General Insurance Holdings Ltd. has a twelve month low of $13.81 and a twelve month high of $27.76. The firm's 50 day moving average is $24.86 and its two-hundred day moving average is $24.64.

International General Insurance (NASDAQ:IGIC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.05). The business had revenue of $129.00 million for the quarter, compared to the consensus estimate of $135.50 million. International General Insurance had a net margin of 26.24% and a return on equity of 22.78%. Equities research analysts anticipate that International General Insurance Holdings Ltd. will post 3.18 EPS for the current fiscal year.

International General Insurance Announces Dividend

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

Analyst Ratings Changes

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

About International General Insurance

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.