Boston Partners Has $993,000 Stock Holdings in International General Insurance Holdings Ltd. $IGIC

Boston Partners increased its position in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC) by 12.2% during the 1st quarter, HoldingsChannel reports. The fund owned 37,758 shares of the company’s stock after purchasing an additional 4,096 shares during the quarter. Boston Partners’ holdings in International General Insurance were worth $993,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Royce & Associates LP lifted its stake in shares of International General Insurance by 10.1% during the first quarter. Royce & Associates LP now owns 2,636,063 shares of the company’s stock valued at $69,355,000 after acquiring an additional 242,104 shares during the period. Russell Investments Group Ltd. lifted its stake in International General Insurance by 13.0% in the first quarter. Russell Investments Group Ltd. now owns 409,043 shares of the company’s stock valued at $10,762,000 after buying an additional 46,961 shares during the period. Shay Capital LLC lifted its stake in International General Insurance by 13.1% in the fourth quarter. Shay Capital LLC now owns 226,759 shares of the company’s stock valued at $5,388,000 after buying an additional 26,210 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in International General Insurance by 16.1% in the first quarter. Diamond Hill Capital Management Inc. now owns 221,271 shares of the company’s stock valued at $5,822,000 after buying an additional 30,708 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in International General Insurance by 3.2% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 195,890 shares of the company’s stock valued at $5,154,000 after buying an additional 6,065 shares during the period. Institutional investors and hedge funds own 54.24% of the company’s stock.

International General Insurance Trading Down 1.6%

NASDAQ:IGIC opened at $23.85 on Monday. International General Insurance Holdings Ltd. has a 1-year low of $16.25 and a 1-year high of $27.76. The business’s 50-day moving average price is $23.61 and its two-hundred day moving average price is $24.38. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.64 and a beta of 0.27.

International General Insurance (NASDAQ:IGIC) last released its earnings results on Tuesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). International General Insurance had a net margin of 23.52% and a return on equity of 17.40%. The company had revenue of $132.90 million during the quarter, compared to analyst estimates of $140.40 million. Sell-side analysts predict that International General Insurance Holdings Ltd. will post 3.18 earnings per share for the current year.

International General Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Monday, September 1st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.20 annualized dividend and a yield of 0.8%. International General Insurance’s dividend payout ratio is presently 7.25%.

About International General Insurance

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.