XTX Topco Ltd Purchases New Shares in International General Insurance Holdings Ltd. (NASDAQ:IGIC)

XTX Topco Ltd acquired a new position in International General Insurance Holdings Ltd. (NASDAQ:IGIC) in the 4th quarter, Holdings Channel reports. The firm acquired 16,143 shares of the company’s stock, valued at approximately $384,000.

Other large investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in International General Insurance in the fourth quarter worth about $60,000. Quantbot Technologies LP purchased a new position in shares of International General Insurance in the 4th quarter valued at approximately $87,000. PNC Financial Services Group Inc. bought a new stake in shares of International General Insurance during the fourth quarter valued at approximately $95,000. Geneos Wealth Management Inc. purchased a new stake in International General Insurance in the fourth quarter worth $177,000. Finally, JPMorgan Chase & Co. raised its holdings in International General Insurance by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 16,857 shares of the company’s stock worth $320,000 after purchasing an additional 3,562 shares in the last quarter. Institutional investors own 54.24% of the company’s stock.

International General Insurance Trading Up 2.5 %

Shares of NASDAQ:IGIC opened at $24.45 on Wednesday. International General Insurance Holdings Ltd. has a 12-month low of $12.83 and a 12-month high of $27.76. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.99 and a beta of 0.05. The stock has a fifty day simple moving average of $25.28 and a two-hundred day simple moving average of $24.22.

International General Insurance (NASDAQ:IGIC) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $135.20 million for the quarter, compared to analysts’ expectations of $136.20 million. International General Insurance had a net margin of 26.24% and a return on equity of 22.78%. As a group, equities research analysts predict that International General Insurance Holdings Ltd. will post 3.18 EPS for the current year.

International General Insurance Dividend Announcement

The company also recently declared a — dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.85 per share. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, April 4th. International General Insurance’s dividend payout ratio (DPR) is currently 3.34%.

Analysts Set New Price Targets

A number of analysts have recently commented on IGIC shares. Royal Bank of Canada boosted their target price on shares of International General Insurance from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Oppenheimer upped their price objective on shares of International General Insurance from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th.

International General Insurance 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.