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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.