DOWLING & PARTN Has Negative Outlook of IGIC FY2026 Earnings

International General Insurance Holdings Ltd. (NASDAQ:IGIC) – DOWLING & PARTN decreased their FY2026 earnings per share estimates for shares of International General Insurance in a report released on Friday, August 14th. DOWLING & PARTN analyst N. Iacoviello now expects that the company will post earnings per share of $2.60 for the year, down from their previous estimate of $3.00. The consensus estimate for International General Insurance’s current full-year earnings is $2.81 per share.

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

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada increased their price objective on shares of International General Insurance from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Weiss Ratings raised International General Insurance from a “buy (b-)” rating to a “buy (b+)” rating in a report on Thursday, August 13th. Finally, Zacks Research cut International General Insurance from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.00.

International General Insurance Stock Up 2.2%

Shares of IGIC stock opened at $26.82 on Wednesday. The company has a 50 day moving average price of $27.00 and a 200-day moving average price of $25.74. International General Insurance has a 52 week low of $20.82 and a 52 week high of $29.58. The firm has a market capitalization of $1.14 billion, a PE ratio of 10.77 and a beta of 0.11.

Institutional Investors Weigh In On International General Insurance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in International General Insurance during the second quarter valued at about $13,773,000. Diamond Hill Capital Management Inc. increased its position in International General Insurance by 35.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 370,316 shares of the company’s stock worth $9,291,000 after buying an additional 96,536 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of International General Insurance by 11.3% in the fourth quarter. Osaic Holdings Inc. now owns 7,135 shares of the company’s stock worth $179,000 after buying an additional 722 shares during the period. Royal Bank of Canada raised its stake in shares of International General Insurance by 16.5% in the fourth quarter. Royal Bank of Canada now owns 6,559 shares of the company’s stock worth $165,000 after buying an additional 929 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of International General Insurance during the 3rd quarter valued at about $213,000. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

International General Insurance Dividend Announcement

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

About International General Insurance

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.