Atria Wealth Solutions Inc. Buys 11,750 Shares of 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% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,750 shares of the company's stock after buying an additional 11,750 shares during the quarter. Atria Wealth Solutions Inc. owned about 0.16% of International General Insurance worth $1,914,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State of Wyoming acquired a new position in International General Insurance during the fourth quarter worth $107,000. US Bancorp DE lifted its position in shares of International General Insurance by 850.6% during the 1st quarter. US Bancorp DE now owns 4,753 shares of the company's stock worth $125,000 after purchasing an additional 4,253 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in International General Insurance during the 1st quarter valued at approximately $147,000. PNC Financial Services Group Inc. boosted its stake in International General Insurance by 55.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,208 shares of the company's stock valued at $163,000 after purchasing an additional 2,208 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in International General Insurance during the 4th quarter valued at approximately $199,000. 54.24% of the stock is owned by institutional investors and hedge funds.

International General Insurance Trading Up 0.5%

NASDAQ:IGIC traded up $0.12 during mid-day trading on Tuesday, hitting $24.33. 74,974 shares of the company's stock traded hands, compared to its average volume of 126,207. The firm has a 50 day moving average of $23.51 and a two-hundred day moving average of $24.40. International General Insurance Holdings Ltd. has a 12 month low of $15.66 and a 12 month high of $27.76. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.72 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 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). International General Insurance had a net margin of 23.52% and a return on equity of 17.40%. The business had revenue of $132.90 million for the quarter, compared to the consensus estimate of $140.40 million. As a group, equities research analysts expect that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current year.

International General Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, June 2nd. International General Insurance's dividend payout ratio (DPR) is presently 7.25%.

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.