Diamond Hill Capital Management Inc. Buys 30,708 Shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Diamond Hill Capital Management Inc. increased its stake in International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 221,271 shares of the company's stock after purchasing an additional 30,708 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.49% of International General Insurance worth $5,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IGIC. Quantbot Technologies LP bought a new stake in shares of International General Insurance during the 4th quarter worth $87,000. State of Wyoming acquired a new position in shares of International General Insurance during the fourth quarter worth approximately $107,000. Catalyst Capital Advisors LLC acquired a new position in shares of International General Insurance during the first quarter worth approximately $147,000. BNP Paribas Financial Markets acquired a new position in shares of International General Insurance during the fourth quarter worth approximately $199,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of International General Insurance during the fourth quarter worth approximately $201,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

International General Insurance Price Performance

Shares of NASDAQ IGIC traded up $0.49 during trading hours on Friday, reaching $24.00. The stock had a trading volume of 81,405 shares, compared to its average volume of 104,176. The business's fifty day moving average is $23.41 and its two-hundred day moving average is $24.42. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 8.82 and a beta of 0.24. International General Insurance Holdings Ltd. has a twelve month low of $15.00 and a twelve month high of $27.76.

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

International General Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Monday, June 2nd. International General Insurance's dividend payout ratio 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.