Jane Street Group LLC Makes New $382,000 Investment in International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Jane Street Group LLC purchased a new position in International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,064 shares of the company's stock, valued at approximately $382,000.

A number of other large investors also recently bought and sold shares of IGIC. Northern Trust Corp bought a new position in shares of International General Insurance during the fourth quarter valued at approximately $409,000. Beacon Pointe Advisors LLC bought a new position in International General Insurance during the 4th quarter valued at approximately $605,000. XTX Topco Ltd purchased a new position in International General Insurance during the fourth quarter valued at $384,000. Renaissance Technologies LLC boosted its holdings in International General Insurance by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 115,500 shares of the company's stock worth $2,744,000 after acquiring an additional 21,000 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of International General Insurance in the fourth quarter worth $830,000. 54.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IGIC has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on shares of International General Insurance from $28.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Oppenheimer lifted their target price on shares of International General Insurance from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th.

International General Insurance Trading Down 1.1%

IGIC traded down $0.25 during trading on Wednesday, hitting $22.74. 129,668 shares of the company's stock traded hands, compared to its average volume of 103,491. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.43 and a beta of 0.25. The company's 50 day simple moving average is $23.98 and its two-hundred day simple moving average is $24.74. International General Insurance Holdings Ltd. has a 12-month low of $13.81 and a 12-month high of $27.76.

International General Insurance (NASDAQ:IGIC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.05). International General Insurance had a net margin of 26.24% and a return on equity of 22.78%. The business had revenue of $129.00 million for the quarter, compared to analysts' expectations of $135.50 million. On average, equities analysts expect that International General Insurance Holdings Ltd. will post 3.18 EPS for the current year.

International General Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. International General Insurance's dividend payout ratio is presently 7.35%.

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.