Invesco Ltd. Purchases 10,954 Shares of International General Insurance Holdings Ltd. $IGIC

Invesco Ltd. raised its holdings in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) by 33.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,599 shares of the company's stock after acquiring an additional 10,954 shares during the quarter. Invesco Ltd. owned about 0.10% of International General Insurance worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IGIC. Royce & Associates LP raised its holdings in International General Insurance by 10.1% during the 1st quarter. Royce & Associates LP now owns 2,636,063 shares of the company's stock valued at $69,355,000 after acquiring an additional 242,104 shares during the period. CWA Asset Management Group LLC bought a new stake in International General Insurance during the 1st quarter valued at $1,112,000. Diamond Hill Capital Management Inc. raised its holdings in International General Insurance by 16.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 221,271 shares of the company's stock valued at $5,822,000 after acquiring an additional 30,708 shares during the period. Shay Capital LLC raised its holdings in International General Insurance by 13.1% during the 4th quarter. Shay Capital LLC now owns 226,759 shares of the company's stock valued at $5,388,000 after acquiring an additional 26,210 shares during the period. Finally, Northern Trust Corp bought a new stake in International General Insurance during the 4th quarter valued at $409,000. Institutional investors own 54.24% of the company's stock.

International General Insurance Stock Performance

IGIC stock traded down $0.01 during midday trading on Friday, reaching $24.18. 53,761 shares of the company's stock traded hands, compared to its average volume of 68,572. The company has a 50-day moving average price of $24.00 and a two-hundred day moving average price of $24.21. International General Insurance Holdings Ltd. has a 52 week low of $17.06 and a 52 week high of $27.76. The firm has a market capitalization of $1.08 billion, a PE ratio of 8.76 and a beta of 0.26.

International General Insurance (NASDAQ:IGIC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts predict that International General Insurance Holdings Ltd. will post 3.18 EPS for the current fiscal year.

International General Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Monday, September 1st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 29th. International General Insurance's dividend payout ratio (DPR) is presently 7.25%.

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.