FY2028 Earnings Forecast for IGIC Issued By DOWLING & PARTN

Key Points

• DOWLING & PARTN forecasts FY2028 earnings of $2.95 per share for International General Insurance, above the current consensus estimate of $2.81.
• IGIC’s latest quarterly results missed expectations, with EPS of $0.44 versus the $0.61 consensus, although revenue of $143.5 million exceeded the $114.9 million estimate.
• The company declared a quarterly dividend of $0.075 per share, equivalent to $0.30 annually and a 1.1% yield; analysts maintain a “Hold” average rating with a $30 price target.

International General Insurance Holdings Ltd. (NASDAQ:IGIC - Free Report) - DOWLING & PARTN issued their FY2028 earnings estimates for shares of International General Insurance in a research report issued on Friday, August 14th. DOWLING & PARTN analyst N. Iacoviello expects that the company will earn $2.95 per share for the year. The consensus estimate for International General Insurance's current full-year earnings is $2.81 per share.

IGIC has been the subject of a number of other reports. Zacks Research cut International General Insurance from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Weiss Ratings upgraded International General Insurance from a "buy (b-)" rating to a "buy (b+)" rating in a research report on Thursday. Finally, Royal Bank Of Canada upped their target price on International General Insurance from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.00.

International General Insurance Stock Performance

NASDAQ IGIC opened at $26.24 on Tuesday. The firm's fifty day moving average price is $26.96 and its two-hundred day moving average price is $25.73. The stock has a market cap of $1.12 billion, a PE ratio of 10.54 and a beta of 0.11. International General Insurance has a fifty-two week low of $20.82 and a fifty-two week high of $29.58.

International General Insurance (NASDAQ:IGIC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.17). International General Insurance had a net margin of 20.68% and a return on equity of 17.03%. The company had revenue of $143.50 million during the quarter, compared to the consensus estimate of $114.90 million.

International General Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 18th. International General Insurance's dividend payout ratio (DPR) is 12.05%.

Institutional Trading of International General Insurance

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in International General Insurance by 11.3% during the 4th quarter. Osaic Holdings Inc. now owns 7,135 shares of the company's stock valued at $179,000 after purchasing an additional 722 shares during the period. Royal Bank of Canada lifted its position in shares of International General Insurance by 16.5% in the 4th quarter. Royal Bank of Canada now owns 6,559 shares of the company's stock worth $165,000 after purchasing an additional 929 shares during the period. Russell Investments Group Ltd. lifted its position in shares of International General Insurance by 0.4% in the 4th quarter. Russell Investments Group Ltd. now owns 396,512 shares of the company's stock worth $9,948,000 after purchasing an additional 1,661 shares during the period. Smartleaf Asset Management LLC bought a new stake in shares of International General Insurance in the 4th quarter valued at $56,000. Finally, Franklin Resources Inc. boosted its stake in shares of International General Insurance by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 40,385 shares of the company's stock valued at $937,000 after purchasing an additional 2,355 shares during the last quarter. 54.24% of the stock is currently owned by institutional investors.

International General Insurance Company Profile

International General Insurance NASDAQ: IGIC is a global specialty insurer and reinsurer focused on underwriting a diverse portfolio of property and casualty risks. Headquartered in Pembroke, Bermuda, the company provides tailored risk solutions across a broad range of industry sectors. IGIC operates within the excess and surplus lines market, leveraging specialized expertise to cover complex and hard-to-place risks that fall outside the scope of standard commercial insurance.

Founded in 1988, IGIC has grown its product offering to include marine, energy, aviation, construction, professional liability and credit & surety lines.

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