International General Insurance (IGIC) Set to Announce Earnings on Tuesday

International General Insurance (NASDAQ:IGIC) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

International General Insurance (NASDAQ:IGIC) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $122.80 million for the quarter. International General Insurance had a net margin of 25.06% and a return on equity of 28.04%.

International General Insurance Stock Down 4.0 %

International General Insurance stock opened at $13.11 on Tuesday. International General Insurance has a twelve month low of $8.01 and a twelve month high of $14.14. The business has a fifty day moving average of $13.18 and a two-hundred day moving average of $12.59. The firm has a market cap of $603.98 million, a P/E ratio of 5.14 and a beta of 0.18.

International General Insurance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a $0.51 dividend. The ex-dividend date was Thursday, March 28th. This is an increase from International General Insurance’s previous quarterly dividend of $0.01. This represents a $2.04 dividend on an annualized basis and a yield of 15.56%. International General Insurance’s payout ratio is currently 1.57%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $15.00 price target on shares of International General Insurance in a report on Thursday, March 14th.

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.