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
(
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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.
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