Navellier & Associates Inc. Acquires 26,311 Shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Navellier & Associates Inc. raised its holdings in shares of International General Insurance Holdings Ltd. (NASDAQ:IGIC) by 73.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,157 shares of the company’s stock after acquiring an additional 26,311 shares during the quarter. Navellier & Associates Inc. owned approximately 0.14% of International General Insurance worth $1,477,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in International General Insurance during the fourth quarter valued at about $60,000. Geneos Wealth Management Inc. bought a new stake in shares of International General Insurance in the fourth quarter worth about $177,000. Kingsview Wealth Management LLC bought a new stake in shares of International General Insurance in the third quarter worth about $265,000. JPMorgan Chase & Co. increased its holdings in shares of International General Insurance by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 16,857 shares of the company’s stock worth $320,000 after purchasing an additional 3,562 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of International General Insurance in the third quarter worth about $372,000. 54.24% of the stock is owned by institutional investors.

International General Insurance Price Performance

Shares of NASDAQ IGIC opened at $25.96 on Friday. The business’s 50 day moving average is $24.74 and its two-hundred day moving average is $22.02. International General Insurance Holdings Ltd. has a 1-year low of $11.51 and a 1-year high of $27.66. The stock has a market capitalization of $1.19 billion, a P/E ratio of 8.48 and a beta of 0.27.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Oppenheimer assumed coverage on International General Insurance in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock. Royal Bank of Canada lifted their target price on International General Insurance from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

About International General Insurance

International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, motor, marine liability, contingency, marine, treaty, and casualty insurance and reinsurance.