Positive News SentimentPositive NewsNASDAQ:IGIC International General Insurance (IGIC) Stock Forecast, Price & News $9.29 +0.11 (+1.20%) (As of 05/26/2023 03:58 PM ET) Add Compare Share Share Today's Range$8.85▼$9.3250-Day Range$8.00▼$9.3052-Week Range$6.72▼$9.32Volume6,600 shsAverage Volume46,327 shsMarket Capitalization$436.91 millionP/E Ratio4.51Dividend Yield0.43%Price Target$11.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media International General Insurance MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside18.4% Upside$11.00 Price TargetShort InterestBearish3.35% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.89Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 starsFinance Sector731st out of 905 stocksInsurance Carriers, Not Elsewhere Classified Industry2nd out of 2 stocks 2.5 Analyst's Opinion Consensus RatingInternational General Insurance has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.00, International General Insurance has a forecasted upside of 18.4% from its current price of $9.29.Amount of Analyst CoverageInternational General Insurance has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.35% of the float of International General Insurance has been sold short.Short Interest Ratio / Days to CoverInternational General Insurance has a short interest ratio ("days to cover") of 16.6, which indicates bearish sentiment.Change versus previous monthShort interest in International General Insurance has recently decreased by 1.63%, indicating that investor sentiment is improving. Previous Next 0.8 Dividend Strength Dividend YieldInternational General Insurance has a dividend yield of 0.43%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthInternational General Insurance does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of International General Insurance is 1.94%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IGIC. Previous Next 3.8 News and Social Media Coverage News SentimentInternational General Insurance has a news sentiment score of 1.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for International General Insurance this week, compared to 1 article on an average week.MarketBeat Follows1 people have added International General Insurance to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, International General Insurance insiders have not sold or bought any company stock.Percentage Held by Insiders20.10% of the stock of International General Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 23.56% of the stock of International General Insurance is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of International General Insurance is 4.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.48.Price to Earnings Ratio vs. SectorThe P/E ratio of International General Insurance is 4.51, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 154.26.Price to Book Value per Share RatioInternational General Insurance has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About International General Insurance (NASDAQ:IGIC) StockInternational 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.Read More Receive IGIC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for International General Insurance and its competitors with MarketBeat's FREE daily newsletter. Email Address IGIC Stock News HeadlinesMay 30, 2023 | americanbankingnews.comInternational General Insurance Holdings Ltd. (NASDAQ:IGIC) Announces Quarterly Dividend of $0.01May 21, 2023 | finance.yahoo.comRainbows and Unicorns: The International General Insurance Holdings Ltd. (NASDAQ:IGIC) Analyst Just Became A Lot More OptimisticMay 30, 2023 | Edge On The Street (Ad)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.May 16, 2023 | msn.comInternational General Insurance Non-GAAP EPS of $0.62 beats by $0.32, revenue of $105.1M misses by $29.4MMay 16, 2023 | finance.yahoo.comIGI Reports First Quarter 2023 Condensed and Unaudited Financial ResultsMay 15, 2023 | americanbankingnews.comInternational General Insurance (IGIC) Scheduled to Post Earnings on TuesdayApril 28, 2023 | finance.yahoo.comIGI to Release First Quarter 2023 Financial Results on May 16, 2023April 10, 2023 | finance.yahoo.comIGI Announces That It Has Filed Its Full Year 2022 Annual Report on Form 20-F, Including Audited Financial Statements, with the SECMay 30, 2023 | Edge On The Street (Ad)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.March 26, 2023 | americanbankingnews.comInternational General Insurance Holdings Ltd. (NASDAQ:IGIC) Declares Quarterly Dividend of $0.01March 15, 2023 | finance.yahoo.comIGI Announces Completion of the Acquisition of Norway-based MGA Energy Insurance OsloMarch 6, 2023 | finance.yahoo.comInternational General Insurance Holdings Ltd. (NASDAQ:IGIC) Q4 2022 Earnings Call TranscriptMarch 2, 2023 | msn.comInternational General Insurance Non-GAAP EPS of $0.28 misses by $0.07, Gross written premiums of $156.7MMarch 2, 2023 | finance.yahoo.comIGI Reports Fourth Quarter and Full Year 2022 Condensed and Unaudited Financial ResultsFebruary 16, 2023 | seekingalpha.comIGIC International General Insurance Holdings Ltd.February 6, 2023 | finance.yahoo.comIGI to Release Fourth Quarter and Full Year 2022 Financial Results on March 2, 2023January 30, 2023 | finance.yahoo.comIGI Executes Repurchase of Approximately 2.3 Million Common SharesJanuary 4, 2023 | nz.finance.yahoo.comIs International General Insurance Holdings Ltd.'s (NASDAQ:IGIC) Latest Stock Performance Being Led By Its Strong Fundamentals?December 22, 2022 | seekingalpha.comInternational General Insurance: Well-Positioned And Reasonably PricedDecember 17, 2022 | finance.yahoo.comHere's Why International General Insurance Holdings (NASDAQ:IGIC) Has Caught The Eye Of InvestorsNovember 17, 2022 | finance.yahoo.comIGI to Ring the NASDAQ Closing Bell on Thursday, November 17, 2022November 14, 2022 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on International General Insurance Holdings (IGIC)November 10, 2022 | finance.yahoo.comIGI Reports Third Quarter and Nine Months 2022 Condensed and Unaudited Financial ResultsNovember 1, 2022 | finance.yahoo.comIGI to Release Third Quarter and Nine Months 2022 Financial Results on November 10, 2022October 10, 2022 | uk.news.yahoo.comInternational General Insurance Holdings (NASDAQ:IGIC) investors are sitting on a loss of 19% if they invested three years agoOctober 3, 2022 | finance.yahoo.comIGI Names London Market Veteran Chris Jarvis as Chief Underwriting OfficerSeptember 12, 2022 | au.finance.yahoo.comA International General Insurance Holdings Ltd. (NASDAQ:IGIC) insider increased their holdings by 1.0% last yearSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IGIC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for International General Insurance and its competitors with MarketBeat's FREE daily newsletter. Email Address IGIC Company Calendar Last Earnings3/03/2023Ex-Dividend for 4/21 Dividend4/05/2023Dividend Payable4/21/2023Today5/29/2023Ex-Dividend for 6/16 Dividend6/01/2023Dividend Payable6/16/2023Next Earnings (Estimated)8/17/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Insurance carriers, not elsewhere classified Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:IGIC CUSIPN/A CIK1794338 Webwww.iginsure.com Phone(626) 562-2009FaxN/AEmployees289Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$2.06 Trailing P/E Ratio4.51 Forward P/E RatioN/A P/E GrowthN/ANet Income$85.46 million Net Margins22.59% Pretax Margin23.98% Return on Equity22.85% Return on Assets6.18% Debt Debt-to-Equity RatioN/A Current Ratio0.64 Quick Ratio0.64 Sales & Book Value Annual Sales$392.80 million Price / Sales1.11 Cash Flow$1.84 per share Price / Cash Flow5.04 Book Value$8.72 per share Price / Book1.07Miscellaneous Outstanding Shares47,030,000Free Float37,580,000Market Cap$436.91 million OptionableNot Optionable Beta0.17 Key ExecutivesWasef Salim Abdulrahman Al-JabshehChairman & Chief Executive OfficerWaleed JabshehPresident & DirectorHatem JabshehGroup Chief Operating OfficerPervez Ahmed RizviGroup Chief Financial OfficerRuwan PereraGroup Chief Technology & Information OfficerKey CompetitorsBrookfield Asset Management Reinsurance PartnersNYSE:BAMRBrookfield ReinsuranceNYSE:BNRELexinFintechNASDAQ:LXMercantile BankNASDAQ:MBWMValue LineNASDAQ:VALUView All CompetitorsInstitutional OwnershipGilder Gagnon Howe & Co. LLCSold 7,929 shares on 5/16/2023Ownership: 3.282%Skaana Management L.P.Sold 300 shares on 5/16/2023Ownership: 0.000%Schonfeld Strategic Advisors LLCBought 5,300 shares on 5/15/2023Ownership: 0.104%Renaissance Technologies LLCBought 30,700 shares on 5/12/2023Ownership: 0.160%Sei Investments Co.Bought 9,535 shares on 5/12/2023Ownership: 0.115%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding International General Insurance Holdings Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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