International General Insurance Holdings Ltd Bermuda

International General Insurance Holdings Ltd Bermuda Stock Forecast & Price Prediction

Live International General Insurance Holdings Ltd Bermuda Stock (IGIC) Price
$21.60

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$21.60

P/E Ratio

8.64

Volume Traded Today

$172,962

Dividend

$0.025

52 Week High/low

23.38/10.83

International General Insurance Holdings Ltd Bermuda Market Cap

$990.4M

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IGIC Summary

From what 0 stock analysts predict, the share price for International General Insurance Holdings Ltd Bermuda (IGIC) might increase by 1.85% in the next year. This is based on a 12-month average estimation for IGIC. Price targets go from $22 to $22. The majority of stock analysts believe IGIC is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

IGIC Analyst Ratings

International General Insurance Holdings Ltd Bermuda has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that International General Insurance Holdings Ltd Bermuda will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

IGIC stock forecast by analyst

These are the latest 20 analyst ratings of IGIC.

Analyst/Firm

Rating

Price Target

Change

Date

Scott Heleniak
RBC Capital

Outperform

$19

Maintains

Aug 8, 2024
Scott Heleniak
RBC Capital

Outperform

$15

Reiterates

Mar 14, 2024
Mark Dwelle
RBC Capital

Outperform

$15

Maintains

Mar 1, 2024
Mark Dwelle
RBC Capital

Outperform

$12

Maintains

Aug 17, 2023
Mark Dwelle
RBC Capital

Outperform

$11

Maintains

Mar 6, 2023
Mark Dwelle
RBC Capital

Outperform

$11

Maintains

May 24, 2021

RBC Capital

Outperform


Initiates

Jul 14, 2020

IGIC Company Information

What They Do: Provides specialty insurance and reinsurance solutions.

Business Model: The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It generates revenue by underwriting a diverse portfolio of specialty risks across various sectors, including energy, property, and aviation, which allows it to cater to niche markets and mitigate risk effectively.

Other Information: Founded in 2001 and based in Amman, Jordan, the company leverages its expertise in specialty risks to serve clients globally, positioning itself as a key player in the insurance and reinsurance industry.
IGIC
International General Insurance Holdings Ltd Bermuda (IGIC)

When did it IPO

2019

Staff Count

401

Country

Jordan

Sector/Industry

Financial Services/Insurance - Diversified

CEO

Mr. Waleed Wasef Jabsheh

Market Cap

$990.4M

International General Insurance Holdings Ltd Bermuda (IGIC) Financial Data

In 2023, IGIC generated $477.1M in revenue, which was a increase of 20.97% from the previous year. This can be seen as a signal that IGIC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$308.3M

Revenue From 2021

$347.0M

12.56 %
From Previous Year

Revenue From 2022

$394.4M

13.65 %
From Previous Year

Revenue From 2023

$477.1M

20.97 %
From Previous Year
  • Revenue TTM $486.5M
  • Operating Margin TTM 25.3%
  • Gross profit TTM $0
  • Return on assets TTM 4.1%
  • Return on equity TTM 21.7%
  • Profit Margin 23.5%
  • Book Value Per Share 13.31%
  • Market capitalisation $990.4M
  • Revenue for 2021 $347.0M
  • Revenue for 2022 $394.4M
  • Revenue for 2023 $477.1M
  • EPS this year (TTM) $2.51

International General Insurance Holdings Ltd Bermuda (IGIC) Latest News

News Image

Fri, 25 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - International General Insurance Holdings Ltd. (NASDAQ: IGIC) will relocate its London operations to the 15th floor of the Walkie-Talkie Building on October 28, 2024, indicating growth and commitment to the market.

Why It Matters - IGI's move to a prestigious London location signals growth and confidence in its operations, potentially enhancing its market position and attracting investor interest.

News Image

Tue, 08 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - International General Insurance Holdings Ltd. (NASDAQ: IGIC) plans to release its Q3 and 9-month financial results on November 5, 2024, after market close, followed by an investor teleconference.

Why It Matters - The upcoming financial results release on November 5, 2024, will provide insights into IGI's performance, potentially affecting its stock price and investor sentiment.

News Image

Thu, 15 Aug 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - International General Insurance Holdings Ltd. (IGI) declared a dividend of $0.025 per share for April 1 - June 30, 2024, payable on September 18, 2024, to shareholders of record by September 2, 2024.

Why It Matters - The dividend declaration indicates IGI's financial health and commitment to returning value to shareholders, potentially attracting more investors and influencing stock price.

News Image

Thu, 15 Aug 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - International General Insurance Holdings, a small-cap insurer, has nearly doubled its book value per share since 2013, showcasing strong combined ratios and returns on equity in the latest quarter.

Why It Matters - IGIC's strong track record of increasing book value and impressive financial metrics indicate potential for future growth, making it an attractive option for investors seeking value in the insurance sector.

News Image

Wed, 07 Aug 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - International General Insurance Holdings Ltd. (NASDAQ: IGIC) will hold its Q2 2024 earnings conference call on August 7, 2024, at 9:00 AM ET. Key participants include executives and an RBC operator.

Why It Matters - The upcoming earnings call provides insights into IGIC's financial performance, strategic direction, and market outlook, influencing investor sentiment and stock valuation.

News Image

Tue, 06 Aug 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - International General Insurance Holdings Ltd. reported Q2 2024 gross written premiums of $205.6M, up from $199.6M in Q2 2023; total premiums for the first half reached $387.2M, up from $373.5M.

Why It Matters - IGI's premium growth signals strong business performance, potentially enhancing profitability and shareholder value, making it a key focus for investors evaluating insurance sector opportunities.

...

IGIC Frequently asked questions

The highest forecasted price for IGIC is $22 from at .

The lowest forecasted price for IGIC is $22 from from

The IGIC analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.