International General Insurance (IGIC) Scheduled to Post Earnings on Tuesday

International General Insurance (NASDAQ:IGIC) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 5th. Parties that wish to register for the company’s conference call can do so using this link.

International General Insurance (NASDAQ:IGIC) last released its earnings results on Tuesday, August 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. International General Insurance had a net margin of 23.40% and a return on equity of 25.74%. The firm had revenue of $135.60 million for the quarter.

International General Insurance Price Performance

NASDAQ:IGIC opened at $21.72 on Monday. The firm has a market capitalization of $998.12 million, a P/E ratio of 8.52 and a beta of 0.20. International General Insurance has a one year low of $10.76 and a one year high of $23.38. The company’s 50-day simple moving average is $19.08 and its 200 day simple moving average is $16.34.

International General Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Monday, September 2nd were paid a $0.025 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.10 annualized dividend and a dividend yield of 0.46%. International General Insurance’s payout ratio is currently 3.92%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price objective on International General Insurance from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th.

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.