Free Trial

International General Insurance (NASDAQ:IGIC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

International General Insurance logo with Finance background

Key Points

  • International General Insurance reported earnings of $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by $0.04.
  • The company's market capitalization stands at $1.05 billion, with a PE ratio of 8.63 and a return on equity of 19.54%.
  • International General Insurance announced a quarterly dividend of $0.05, yielding approximately 0.9% annually, with a dividend payout ratio of 7.35%.
  • Looking to export and analyze International General Insurance data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

International General Insurance (NASDAQ:IGIC - Get Free Report) announced its earnings results on Tuesday. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04), Zacks reports. The firm had revenue of $132.90 million during the quarter, compared to the consensus estimate of $140.40 million. International General Insurance had a return on equity of 17.40% and a net margin of 23.52%.

International General Insurance Stock Performance

Shares of IGIC stock traded down $0.14 during mid-day trading on Friday, reaching $23.80. The company's stock had a trading volume of 146,416 shares, compared to its average volume of 125,971. The firm's 50-day moving average is $23.49 and its two-hundred day moving average is $24.39. The company has a market cap of $1.06 billion, a P/E ratio of 8.62 and a beta of 0.27. International General Insurance has a 1-year low of $15.47 and a 1-year high of $27.76.

International General Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were 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 was Monday, June 2nd. International General Insurance's payout ratio is 7.25%.

International General Insurance Company Profile

(Get Free Report)

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.

Featured Articles

Earnings History for International General Insurance (NASDAQ:IGIC)

Should You Invest $1,000 in International General Insurance Right Now?

Before you consider International General Insurance, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International General Insurance wasn't on the list.

While International General Insurance currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid
NVIDIA Earnings: All Signs Point to More Growth Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines