International General Insurance (NASDAQ:IGIC - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.04), Zacks reports. The company had revenue of $132.90 million during the quarter, compared to analysts' expectations of $140.40 million. International General Insurance had a net margin of 23.52% and a return on equity of 17.40%.
International General Insurance Stock Performance
Shares of IGIC traded down $0.33 during midday trading on Friday, hitting $23.61. 66,356 shares of the stock were exchanged, compared to its average volume of 119,776. International General Insurance has a 52-week low of $15.47 and a 52-week high of $27.76. The stock has a fifty day simple moving average of $23.48 and a 200 day simple moving average of $24.40. The firm has a market cap of $1.05 billion, a P/E ratio of 8.58 and a beta of 0.27.
International General Insurance Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, June 2nd. International General Insurance's dividend payout ratio is 7.25%.
About International General Insurance
(
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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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