International General Insurance (IGIC) to Release Quarterly Earnings on Tuesday

International General Insurance (NASDAQ:IGIC - Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Investors that wish to listen to the company's conference call can do so using this link.

International General Insurance (NASDAQ:IGIC - Get Free Report) last issued 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 company had revenue of $122.80 million during the quarter.

International General Insurance Stock Performance

IGIC traded down $0.18 on Tuesday, hitting $12.93. 70,611 shares of the company were exchanged, compared to its average volume of 62,576. International General Insurance has a 12 month low of $8.01 and a 12 month high of $14.14. The firm has a fifty day simple moving average of $13.18 and a two-hundred day simple moving average of $12.60. The stock has a market capitalization of $595.69 million, a PE ratio of 5.07 and a beta of 0.18.

International General Insurance Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 15.78%. The ex-dividend date was Thursday, March 28th. This is a positive change from International General Insurance's previous quarterly dividend of $0.01. International General Insurance's dividend payout ratio (DPR) is 1.57%.

Analysts Set New Price Targets

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

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.