CWA Asset Management Group LLC Takes $1.11 Million Position in International General Insurance Holdings Ltd. (NASDAQ:IGIC)

CWA Asset Management Group LLC bought a new stake in International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 42,256 shares of the company's stock, valued at approximately $1,112,000. CWA Asset Management Group LLC owned 0.09% of International General Insurance at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IGIC. Quantbot Technologies LP purchased a new position in International General Insurance during the 4th quarter worth approximately $87,000. PNC Financial Services Group Inc. purchased a new position in shares of International General Insurance in the 4th quarter valued at approximately $95,000. State of Wyoming purchased a new position in shares of International General Insurance in the 4th quarter valued at approximately $107,000. BNP Paribas Financial Markets purchased a new position in shares of International General Insurance in the 4th quarter valued at approximately $199,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of International General Insurance in the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 54.24% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IGIC shares. Oppenheimer lifted their target price on International General Insurance from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Royal Bank Of Canada raised their price target on International General Insurance from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, February 27th.

International General Insurance Stock Performance

IGIC stock traded up $0.51 during midday trading on Monday, hitting $22.51. 170,282 shares of the stock were exchanged, compared to its average volume of 108,417. The stock's 50-day moving average price is $23.66 and its 200-day moving average price is $24.47. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 8.28 and a beta of 0.25. International General Insurance Holdings Ltd. has a fifty-two week low of $13.85 and a fifty-two week high of $27.76.

International General Insurance (NASDAQ:IGIC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.05). The firm had revenue of $129.00 million for the quarter, compared to analyst estimates of $135.50 million. International General Insurance had a return on equity of 19.54% and a net margin of 23.16%. Research analysts anticipate that International General Insurance Holdings Ltd. will post 3.18 EPS for the current year.

International General Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.89%. International General Insurance's dividend payout ratio (DPR) is 7.35%.

International General Insurance Company 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.