International General Insurance (NASDAQ:IGIC – Get Free Report) announced its earnings results on Tuesday. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.11, Zacks reports. The firm 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%.
International General Insurance Stock Up 6.0 %
Shares of International General Insurance stock opened at $24.10 on Friday. International General Insurance has a 52-week low of $10.83 and a 52-week high of $25.50. The company has a 50 day moving average of $19.31 and a 200 day moving average of $16.50. The company has a market capitalization of $1.11 billion, a P/E ratio of 7.88 and a beta of 0.21.
International General Insurance Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Monday, September 2nd were issued a $0.025 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.10 annualized dividend and a yield of 0.41%. International General Insurance’s dividend payout ratio (DPR) is 3.27%.
Analyst Ratings Changes
Check Out Our Latest Report on IGIC
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.
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