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DOW   33,093.34
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DOW   33,093.34
QQQ   353.35
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The Graphite Shortage Story You're Not Being Told (Ad)
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Stock market today: US futures mostly higher ahead of debt ceiling vote, oil falls again
Arista Networks Soars As Investors Spot Opportunity After Selloff

International General Insurance (IGIC) Stock Forecast, Price & News

$9.29
+0.11 (+1.20%)
(As of 05/26/2023 03:58 PM ET)
Compare
Today's Range
$8.85
$9.32
50-Day Range
$8.00
$9.30
52-Week Range
$6.72
$9.32
Volume
6,600 shs
Average Volume
46,327 shs
Market Capitalization
$436.91 million
P/E Ratio
4.51
Dividend Yield
0.43%
Price Target
$11.00

International General Insurance MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.4% Upside
$11.00 Price Target
Short Interest
Bearish
3.35% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.89mentions of International General Insurance in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Finance Sector

731st out of 905 stocks

Insurance Carriers, Not Elsewhere Classified Industry

2nd out of 2 stocks


IGIC stock logo

About International General Insurance (NASDAQ:IGIC) Stock

International General Insurance Holdings Ltd. engages in the provision of commercial insurance and re-insurance underwriting services. It operates through the following segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. The Specialty Long-tail segment includes the casualty business, financial institutions line of business, and marine liability line of business. The Specialty Short-tail segment involves energy, property, construction and engineering, political violence, ports and terminals, marine cargo, and general aviation lines of business. The Reinsurance segment consists inward reinsurance treaty business. The company was founded by Wasef Salim Abdulrahman Al-Jabsheh in 2001 and is headquartered in Amman, Jordon.

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IGIC Stock News Headlines

Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
IGIC International General Insurance Holdings Ltd.
See More Headlines
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IGIC Company Calendar

Last Earnings
3/03/2023
Ex-Dividend for 4/21 Dividend
4/05/2023
Dividend Payable
4/21/2023
Today
5/29/2023
Ex-Dividend for 6/16 Dividend
6/01/2023
Dividend Payable
6/16/2023
Next Earnings (Estimated)
8/17/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Insurance carriers, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:IGIC
Fax
N/A
Employees
289
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.00
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+18.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$85.46 million
Pretax Margin
23.98%

Debt

Sales & Book Value

Annual Sales
$392.80 million
Cash Flow
$1.84 per share
Book Value
$8.72 per share

Miscellaneous

Free Float
37,580,000
Market Cap
$436.91 million
Optionable
Not Optionable
Beta
0.17

Key Executives

  • Wasef Salim Abdulrahman Al-Jabsheh
    Chairman & Chief Executive Officer
  • Waleed Jabsheh
    President & Director
  • Hatem Jabsheh
    Group Chief Operating Officer
  • Pervez Ahmed Rizvi
    Group Chief Financial Officer
  • Ruwan Perera
    Group Chief Technology & Information Officer













IGIC Stock - Frequently Asked Questions

Should I buy or sell International General Insurance stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International General Insurance in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IGIC shares.
View IGIC analyst ratings
or view top-rated stocks.

What is International General Insurance's stock price forecast for 2023?

1 Wall Street research analysts have issued 1 year price targets for International General Insurance's shares. Their IGIC share price forecasts range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
View analysts price targets for IGIC
or view top-rated stocks among Wall Street analysts.

How have IGIC shares performed in 2023?

International General Insurance's stock was trading at $8.00 at the beginning of 2023. Since then, IGIC shares have increased by 16.1% and is now trading at $9.29.
View the best growth stocks for 2023 here
.

When is International General Insurance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our IGIC earnings forecast
.

How were International General Insurance's earnings last quarter?

International General Insurance Holdings Ltd. (NASDAQ:IGIC) released its quarterly earnings results on Friday, March, 3rd. The company reported $0.28 EPS for the quarter. The company had revenue of $104.60 million for the quarter. International General Insurance had a net margin of 22.59% and a trailing twelve-month return on equity of 22.85%.

How often does International General Insurance pay dividends? What is the dividend yield for International General Insurance?

International General Insurance declared a quarterly dividend on Friday, May 19th. Shareholders of record on Friday, June 2nd will be paid a dividend of $0.01 per share on Friday, June 16th. This represents a $0.04 annualized dividend and a yield of 0.43%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for IGIC
.

What ETF holds International General Insurance's stock ?

Ballast Small/Mid Cap ETF holds 169,408 shares of IGIC stock, representing 2.07% of its portfolio.

Is International General Insurance a good dividend stock?

International General Insurance (NASDAQ:IGIC) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.43%. The dividend payout ratio is 1.94%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IGIC.

What is International General Insurance's stock symbol?

International General Insurance trades on the NASDAQ under the ticker symbol "IGIC."

Who are International General Insurance's major shareholders?

International General Insurance's stock is owned by many different institutional and retail investors. Top institutional investors include Royce & Associates LP (7.61%), Gilder Gagnon Howe & Co. LLC (3.28%), Long Focus Capital Management LLC (0.21%), Renaissance Technologies LLC (0.16%), Sei Investments Co. (0.11%) and Schonfeld Strategic Advisors LLC (0.10%).

How do I buy shares of International General Insurance?

Shares of IGIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is International General Insurance's stock price today?

One share of IGIC stock can currently be purchased for approximately $9.29.

How much money does International General Insurance make?

International General Insurance (NASDAQ:IGIC) has a market capitalization of $436.91 million and generates $392.80 million in revenue each year. The company earns $85.46 million in net income (profit) each year or $2.06 on an earnings per share basis.

How many employees does International General Insurance have?

The company employs 289 workers across the globe.

How can I contact International General Insurance?

International General Insurance's mailing address is 74 ABDEL HAMID SHARAF STREET P.O. BOX 941428, AMMAN M2, 11194. The official website for the company is www.iginsure.com. The company can be reached via phone at (626) 562-2009 or via email at robin.sidders@iginsure.com.

This page (NASDAQ:IGIC) was last updated on 5/30/2023 by MarketBeat.com Staff

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