Deroy & Devereaux Private Investment Counsel Inc. Has $4.51 Million Holdings in International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in International General Insurance Holdings Ltd. (NASDAQ:IGIC) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,825 shares of the company’s stock after acquiring an additional 525 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.41% of International General Insurance worth $4,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp bought a new stake in International General Insurance in the second quarter valued at approximately $411,000. Marshall Wace LLP boosted its holdings in shares of International General Insurance by 276.8% in the 2nd quarter. Marshall Wace LLP now owns 92,308 shares of the company’s stock valued at $1,292,000 after purchasing an additional 67,809 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of International General Insurance by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 27,877 shares of the company’s stock valued at $530,000 after acquiring an additional 859 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in International General Insurance during the 3rd quarter worth $3,338,000. Finally, JPMorgan Chase & Co. raised its position in International General Insurance by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,857 shares of the company’s stock worth $320,000 after purchasing an additional 3,562 shares during the last quarter. 54.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Oppenheimer assumed coverage on International General Insurance in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company. Royal Bank of Canada raised their target price on International General Insurance from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

International General Insurance Trading Down 1.5 %

NASDAQ:IGIC opened at $25.07 on Friday. The stock has a market capitalization of $1.15 billion, a PE ratio of 8.19 and a beta of 0.27. The firm’s 50 day moving average is $24.52 and its 200 day moving average is $20.97. International General Insurance Holdings Ltd. has a 12 month low of $11.51 and a 12 month high of $27.00.

International General Insurance (NASDAQ:IGIC) last issued its earnings results on Tuesday, November 5th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $138.10 million for the quarter. International General Insurance had a net margin of 26.24% and a return on equity of 22.78%. Research analysts predict that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current year.

International General Insurance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd were given a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.10 annualized dividend and a yield of 0.40%. International General Insurance’s dividend payout ratio (DPR) is presently 3.27%.

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.