International General Insurance (IGIC) Projected to Post Quarterly Earnings on Tuesday

International General Insurance (NASDAQ:IGIC) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $136.20 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

International General Insurance Stock Down 2.2 %

Shares of International General Insurance stock opened at $25.96 on Monday. The stock’s 50-day simple moving average is $24.74 and its 200-day simple moving average is $22.07. International General Insurance has a 52 week low of $11.51 and a 52 week high of $27.66. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.48 and a beta of 0.27.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IGIC. Oppenheimer began coverage on International General Insurance in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Royal Bank of Canada boosted their price objective on International General Insurance from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

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.