International General Insurance Holdings Ltd (NASDAQ: IGIC) is 48.90% higher on its value in year-to-date trading and has touched a low of $10.14 and a high of $18.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IGIC stock was last observed hovering at around $18.21 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $18.48, the stock is 11.15% and 16.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 1.48% at the moment leaves the stock 35.66% off its SMA200. IGIC registered 80.93% gain for a year compared to 6-month gain of 61.57%.
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The stock witnessed a 7.94% loss in the last 1 month and extending the period to 3 months gives it a 28.78%, and is 6.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.99% over the week and 3.12% over the month.
International General Insurance Holdings Ltd (IGIC) has around 402 employees, a market worth around $835.48M and $486.70M in sales. Current P/E ratio is 7.30 and Fwd P/E is 6.10. Profit margin for the company is 23.14%. Distance from 52-week low is 82.24% and 0.22% from its 52-week high. The company has generated returns on investments over the last 12 months (19.14%).
The EPS is expected to grow by 15.41% this year.
International General Insurance Holdings Ltd (IGIC) Top Institutional Holders
The shares outstanding are 44.50M, and float is at 15.98M with Short Float at 0.05%.
The top institutional shareholder in the company is ROYCE & ASSOCIATES LP with over 3.46 million shares valued at $48.44 million. The investor’s holdings represent 7.81% of the IGIC Shares outstanding. As of 2024-06-30, the second largest holder is GILDER GAGNON HOWE & CO LLC with 1.34 million shares valued at $$18.72 million to account for 3.0187 of the shares outstanding. The other top investors are WESTWOOD HOLDINGS GROUP INC which holds 1.02 million shares representing 2.2926% and valued at over $14.22 million, while HEARTLAND ADVISORS INC holds 1.5968 of the shares totaling 0.71 million with a market value of $9.9 million.
International General Insurance Holdings Ltd (IGIC) Insider Activity
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