International General Insurance Holdings Ltd. (NASDAQ:IGIC) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its holdings in International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,636,063 shares of the company's stock after buying an additional 242,104 shares during the quarter. International General Insurance makes up about 0.8% of Royce & Associates LP's holdings, making the stock its 10th largest position. Royce & Associates LP owned 5.84% of International General Insurance worth $69,355,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. CWA Asset Management Group LLC purchased a new position in shares of International General Insurance during the first quarter worth about $1,112,000. Franklin Resources Inc. purchased a new position in shares of International General Insurance during the fourth quarter worth about $830,000. Diamond Hill Capital Management Inc. grew its holdings in shares of International General Insurance by 16.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 221,271 shares of the company's stock worth $5,822,000 after purchasing an additional 30,708 shares during the last quarter. Shay Capital LLC grew its holdings in shares of International General Insurance by 13.1% during the fourth quarter. Shay Capital LLC now owns 226,759 shares of the company's stock worth $5,388,000 after purchasing an additional 26,210 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of International General Insurance during the fourth quarter worth about $605,000. Hedge funds and other institutional investors own 54.24% of the company's stock.

International General Insurance Trading Down 2.8%

Shares of IGIC traded down $0.68 during mid-day trading on Monday, hitting $23.32. 94,517 shares of the company's stock were exchanged, compared to its average volume of 118,935. International General Insurance Holdings Ltd. has a fifty-two week low of $15.00 and a fifty-two week high of $27.76. The firm has a market capitalization of $1.04 billion, a P/E ratio of 8.57 and a beta of 0.24. The business's 50 day moving average is $23.41 and its two-hundred day moving average is $24.43.

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

International General Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.05 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. 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.