Streetbeat News

IGIC

International General Insurance Holdings Ltd.

https://www.iginsure.com

Industry

Insurance - Diversified

International General Insurance Holdings Ltd. provides specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It underwrites a diversified portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, casualty, financial institutions, marine, contingency, and treaty reinsurance. The company was founded in 2001 and is based in Amman, Jordan.

Open

25.02

Mkt cap

1.1B

Volume

185K

High

25.36

P/E Ratio

8.06

52-wk high

25.50

Low

24.80

Div yield

0.02

52-wk low

11.35

Intl General Insurance (IGIC) reported Q4 2023 earnings of $0.65 per share, surpassing the consensus estimate of $0.62 by 4.84%. Gross written premiums for the quarter were $164.9M.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:10 pm

Numerous companies are scheduled to report their earnings on March 12, 2024, with expectations ranging from significant profits to losses. Key highlights include Aurora Mobile, MINISO Group, and Archer-Daniels Midland among others, projecting varied financial outcomes for their respective quarters.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:35 am

Intl General Insurance (NASDAQ:IGIC) is scheduled to release its quarterly earnings report on March 12, 2024. Analysts predict an EPS of $0.71. The company's historical performance shows consistent earnings beats, with a notable 7.5% share price increase following last quarter's results. Shares have risen 55.56% over the past year, indicating positive sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:02 pm

In Monday's intraday session, the insurance industry saw significant movements with Reliance Global Group, Crawford, Trupanion, Intl General Insurance, and Cheche Group among the gainers, while Waterdrop, Ambac Financial Group, Maiden Holdings, American Coastal, SelectQuote, and Citizens were the losers. Notable changes were observed in stock prices, with some companies releasing their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:40 pm

Insurance stocks showed notable movements in Friday's intraday session. Fidelis Insurance Hldgs led the gainers with a 14.5% increase, attributed to its Q4 earnings report. American Coastal experienced the largest drop among losers, falling 15.28%, also following its Q4 earnings. Other companies like Marpai, Reliance Global Group, and Hippo Holdings saw significant gains, while FG Finl Gr, Cheche Group, and Greenlight Capital Re were among the notable losers.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:40 pm

RBC Capital analyst Mark Dwelle has maintained an Outperform rating on Intl General Insurance (NASDAQ:IGIC) and raised the price target from $14 to $15.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 3:26 pm

International General Insurance Holdings Ltd. (IGI) announced preliminary Q4 EPS of $0.65, up from $0.28 YoY, with a net income increase to $33.0 million from $22.5 million. The company anticipates a net income of $118.2 million for 2023, a gross written premiums increase to $688.7 million, and a book value per share of $12.40, marking significant growth over 2022. These results are reported in accordance with U.S. GAAP, a change from IFRS.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:46 pm

Insurance stocks experienced notable movements in Thursday's intraday session. Gainers included Root, SelectQuote, Conifer Holdings, Lemonade, Fanhua, and Maiden Holdings, with increases ranging from 3.77% to 16.33%. Losers were Marpai, MBIA, Huize Holding, Assured Guaranty, Ambac Financial Group, and Intl General Insurance, with declines between 2.64% and 5.41%. Notably, Lemonade, MBIA, Assured Guaranty, and Ambac Financial Group recently released their Q4 earnings.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:40 pm

Benzinga Insights identifies 5 value stocks in the financial services sector with low P/E ratios, indicating potential undervaluation. The stocks are Meridian (MRBK), Intl General Insurance (IGIC), Old Second Bancorp (OSBC), OceanFirst Financial (OCFC), and Peoples Bancorp (PEBO). The analysis includes recent earnings per share and dividend yield changes, highlighting both increases and decreases in these financial metrics.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:47 pm

Benzinga Insights has identified several value stocks in the financial services sector based on low P/E ratios. Oak Valley (OVLY), Peapack Gladstone Finl (PGC), Security National Finl (SNFCA), CNFinance Hldgs (CNF), and Intl General Insurance (IGIC) are on the list. OVLY and PGC reported a decrease in EPS compared to Q2, while SNFCA and IGIC also saw a decrease in EPS. CNF, however, experienced an increase in EPS. Dividend yields have varied, with OVLY and PGC seeing increases, while IGIC reported a decrease.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:47 pm

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