1 day Ago By ABMN Staff
Marshall Wace LLP lessened its stake in International General Insurance Holdings Ltd. ( NASDAQ:IGIC – Free Report ) by 28.2% in the 4th quarter, according to its most recent filing with the SEC.
The fund owned 52,337 shares of the company’s stock after selling 20,522 shares during the period. Marshall Wace LLP’s holdings in International General Insurance were worth $1,244,000 at the end of the most recent quarter. Several other institutional investors have also recently added to or reduced their stakes in IGIC.
ORG Wealth Partners LLC acquired a new stake in International General Insurance in the 4th quarter valued at approximately $60,000. Quantbot Technologies LP acquired a new stake in International General Insurance in the 4th quarter valued at approximately $87,000. PNC Financial Services Group Inc.
acquired a new stake in International General Insurance in the 4th quarter valued at approximately $95,000. Geneos Wealth Management Inc. acquired a new stake in International General Insurance in the 4th quarter valued at approximately $177,000.
Finally, JPMorgan Chase & Co. increased its holdings in International General Insurance by 26.8% in the 3rd 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 last quarter. Institutional investors and hedge funds own 54.
24% of the company’s stock. International General Insurance Stock Performance Shares of IGIC opened at $24.62 on Wednesday.
The stock has a 50-day simple moving average of $25.06 and a 200-day simple moving average of $24.42.
The stock has a market capitalization of $1.11 billion, a PE ratio of 8.05 and a beta of 0.
05. International General Insurance Holdings Ltd. has a 1 year low of $12.
83 and a 1 year high of $27.76. International General Insurance Announces Dividend The firm also recently announced a — dividend, which was paid on Tuesday, April 22nd.
Stockholders 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 presently 3.
34%. Wall Street Analysts Forecast Growth Several equities research analysts have weighed in on the company. Royal Bank of Canada upped their price target on International General Insurance from $28.
00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Oppenheimer lifted their price objective on International General Insurance from $30.
00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Check Out Our Latest Research Report on IGIC International General Insurance Company Profile ( Free Report ) 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.
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