International General Insurance (NASDAQ:IGIC) Hits New 12-Month High at $14.30

International General Insurance Holdings Ltd. (NASDAQ:IGIC - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $14.30 and last traded at $14.30, with a volume of 335 shares. The stock had previously closed at $13.62.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an "outperform" rating and set a $15.00 price objective on shares of International General Insurance in a research report on Thursday, March 14th.

International General Insurance Stock Up 4.0 %

The company's 50-day moving average is $13.23 and its two-hundred day moving average is $12.69. The company has a market cap of $652.35 million, a P/E ratio of 5.55 and a beta of 0.20.

International General Insurance (NASDAQ:IGIC - Get Free Report) last posted its earnings results on Tuesday, March 12th. The company reported $0.65 earnings per share for the quarter. International General Insurance had a return on equity of 28.04% and a net margin of 25.06%. The business had revenue of $122.80 million during the quarter.

International General Insurance Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a dividend of $0.51 per share. This is a positive change from International General Insurance's previous quarterly dividend of $0.01. This represents a $2.04 dividend on an annualized basis and a yield of 14.41%. The ex-dividend date was Thursday, March 28th. International General Insurance's dividend payout ratio is currently 1.57%.

Institutional Trading of International General Insurance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC purchased a new position in shares of International General Insurance during the 3rd quarter valued at $142,000. Atria Wealth Solutions Inc. raised its position in International General Insurance by 46.7% during the third quarter. Atria Wealth Solutions Inc. now owns 66,000 shares of the company's stock valued at $744,000 after purchasing an additional 21,000 shares during the period. Acadian Asset Management LLC lifted its stake in shares of International General Insurance by 492.4% in the 3rd quarter. Acadian Asset Management LLC now owns 67,102 shares of the company's stock valued at $756,000 after purchasing an additional 55,775 shares during the last quarter. Navellier & Associates Inc. bought a new position in shares of International General Insurance during the 4th quarter valued at approximately $761,000. Finally, Boston Partners bought a new stake in International General Insurance in the fourth quarter worth $780,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

International General Insurance Company 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.