Royce & Associates LP raised its position in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC – Get the Badge) by 8.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,660,478 shares of the company’s stock after purchasing an additional 209,744 shares during the period. Royce & Associates LP owned 5.40% of International General Insurance worth $19,688,000 at the end of the most recent quarter.
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Other major investors also made changes to their positions within the company. Millennium Management LLC bought a new stake in International General Insurance in the second quarter worth about $79,000. Envestnet Asset Management Inc. bought a new position in shares of International General Insurance in the second quarter worth about $100,000. Later, Atria Wealth Solutions Inc. bought a new position in shares of General Insurance International in the first quarter worth about $197,000. 23.56% of the stock is held by institutional investors.
International General Insurance Sales Decline 1.3%
IGIC opened at $8.21 on Friday. The company has a market capitalization of $404.80 million, a price-to-earnings ratio of 5.86 and a beta of 0.17. The company has a 50-day price of $7.97 and a 200-day moving average price of $7.72. International General Insurance Holdings Ltd. The twelve month low is $6.72 and the twelve month high is $8.72.
International General Insurance (NASDAQ:IGIC – Get the Badge) last announced its earnings results on Thursday, November 10th. The company reported $0.56 earnings per share for the quarter. The company had revenue of $100.90 million during the quarter. International General Insurance has a margin of 17.09% and 22.08%.
International Public Disclosure Notice
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 14th. Investors of record on Tuesday, November 29th were paid a $0.01 dividend. The distribution date is Monday, November 28th. The annual dividend is $0.04 and yields 0.49%. International General Insurance’s payout ratio is 2.86%.
International General Insurance Company Information
International General Insurance Holdings Ltd. engaged in the provision of commercial insurance and reinsurance services. It operates in the following segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. The Specialty Long-tail segment includes the damage industry, financial institutions line of business, and marine line of business.
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