What is DOWLING & PARTN’s Forecast for IGIC FY2028 Earnings?

International General Insurance Holdings Ltd. (NASDAQ:IGIC) – Investment analysts at DOWLING & PARTN issued their FY2028 earnings per share (EPS) estimates for shares of International General Insurance in a report issued on Friday, August 14th. DOWLING & PARTN analyst N. Iacoviello expects that the company will post earnings of $2.95 per share for the year. The consensus estimate for International General Insurance’s current full-year earnings is $2.81 per share.

International General Insurance (NASDAQ:IGIC) last announced its earnings results on Tuesday, August 4th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.17). International General Insurance had a net margin of 20.68% and a return on equity of 17.03%. The business had revenue of $143.50 million for the quarter, compared to the consensus estimate of $114.90 million.

Several other brokerages also recently commented on IGIC. Zacks Research downgraded shares of International General Insurance from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Royal Bank Of Canada increased their target price on shares of International General Insurance from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, Weiss Ratings upgraded shares of International General Insurance from a “buy (b-)” rating to a “buy (b+)” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, International General Insurance has an average rating of “Hold” and a consensus target price of $30.00.

International General Insurance Stock Performance

Shares of IGIC stock opened at $26.24 on Tuesday. International General Insurance has a fifty-two week low of $20.82 and a fifty-two week high of $29.58. The stock has a 50 day simple moving average of $26.96 and a two-hundred day simple moving average of $25.73. The company has a market cap of $1.12 billion, a P/E ratio of 10.54 and a beta of 0.11.

Institutional Trading of International General Insurance

Several institutional investors and hedge funds have recently made changes to their positions in the company. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of International General Insurance during the second quarter valued at about $13,773,000. Corsair Capital Management L.P. bought a new stake in International General Insurance in the 1st quarter worth about $352,000. XTX Topco Ltd purchased a new stake in International General Insurance in the 4th quarter valued at about $291,000. Millennium Management LLC increased its stake in International General Insurance by 138.7% in the 4th quarter. Millennium Management LLC now owns 21,938 shares of the company’s stock valued at $550,000 after buying an additional 12,746 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of International General Insurance during the 4th quarter worth approximately $810,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

International General Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be paid a $0.075 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.1%. International General Insurance’s dividend payout ratio is presently 12.05%.

International General Insurance Company Profile

International General Insurance (NASDAQ:IGIC) is a global specialty insurer and reinsurer focused on underwriting a diverse portfolio of property and casualty risks. Headquartered in Pembroke, Bermuda, the company provides tailored risk solutions across a broad range of industry sectors. IGIC operates within the excess and surplus lines market, leveraging specialized expertise to cover complex and hard-to-place risks that fall outside the scope of standard commercial insurance.

Founded in 1988, IGIC has grown its product offering to include marine, energy, aviation, construction, professional liability and credit & surety lines.