Atria Wealth Solutions Inc. Has $1.91 Million Position in International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Key Points

• Atria Wealth Solutions Inc. increased its stake in International General Insurance Holdings Ltd. by 19.3%, now owning 72,750 shares worth approximately $1.91 million.
• International General Insurance reported $0.51 EPS, missing the consensus estimate of $0.55, with a revenue of $132.9 million for the quarter.
• The company announced a quarterly dividend of $0.05, resulting in an annualized dividend of $0.20 and a yield of 0.8%.

Atria Wealth Solutions Inc. boosted its holdings in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) by 19.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,750 shares of the company's stock after purchasing an additional 11,750 shares during the period. Atria Wealth Solutions Inc. owned about 0.16% of International General Insurance worth $1,914,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IGIC. State of Wyoming acquired a new stake in shares of International General Insurance during the 4th quarter worth about $107,000. US Bancorp DE grew its stake in International General Insurance by 850.6% during the first quarter. US Bancorp DE now owns 4,753 shares of the company's stock worth $125,000 after buying an additional 4,253 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of International General Insurance during the first quarter worth approximately $147,000. PNC Financial Services Group Inc. raised its stake in shares of International General Insurance by 55.2% in the first quarter. PNC Financial Services Group Inc. now owns 6,208 shares of the company's stock valued at $163,000 after acquiring an additional 2,208 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of International General Insurance in the 4th quarter worth approximately $199,000. 54.24% of the stock is owned by institutional investors and hedge funds.

International General Insurance Stock Down 0.7%

IGIC stock traded down $0.17 during midday trading on Thursday, reaching $24.10. 37,238 shares of the company's stock traded hands, compared to its average volume of 118,889. The company has a 50-day simple moving average of $23.57 and a two-hundred day simple moving average of $24.40. International General Insurance Holdings Ltd. has a 1-year low of $16.25 and a 1-year high of $27.76. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 8.73 and a beta of 0.27.

International General Insurance (NASDAQ:IGIC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). International General Insurance had a return on equity of 17.40% and a net margin of 23.52%. The business had revenue of $132.90 million for the quarter, compared to the consensus estimate of $140.40 million. Equities research analysts forecast that International General Insurance Holdings Ltd. will post 3.18 EPS for the current year.

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.