Atria Wealth Solutions Inc. Decreases Position in International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Atria Wealth Solutions Inc. decreased its position in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,000 shares of the company’s stock after selling 20,500 shares during the quarter. Atria Wealth Solutions Inc. owned 0.13% of International General Insurance worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IGIC. ORG Wealth Partners LLC purchased a new position in International General Insurance in the 4th quarter worth about $60,000. Geneos Wealth Management Inc. bought a new stake in shares of International General Insurance in the fourth quarter worth approximately $177,000. Kingsview Wealth Management LLC purchased a new position in shares of International General Insurance during the third quarter valued at approximately $265,000. JPMorgan Chase & Co. lifted its position in International General Insurance by 26.8% during the third quarter. JPMorgan Chase & Co. now owns 16,857 shares of the company’s stock valued at $320,000 after purchasing an additional 3,562 shares during the period. Finally, Tidal Investments LLC purchased a new stake in International General Insurance in the third quarter worth approximately $372,000. Institutional investors own 54.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of International General Insurance from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Oppenheimer assumed coverage on International General Insurance in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective for the company.

International General Insurance Trading Down 2.2 %

IGIC opened at $25.96 on Monday. The company’s 50 day moving average is $24.74 and its 200 day moving average is $22.07. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 8.48 and a beta of 0.27. International General Insurance Holdings Ltd. has a 12-month low of $11.51 and a 12-month high of $27.66.

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.