International General Insurance (IGIC)

• Market cap: $1.11B
• 1 day: 1.49%
• 5 days: 4.16%
• 1 month: 1.91%
• 3 months: 28.31%
• 6 months: 61.00%
• Year to date: 0.62%
• 1 year: 92.31%
• 5 years: 226.93%
• 10 years: 226.93%

About: International General Insurance Holdings Ltd is an international specialist commercial insurer and a reinsurer, underwriting a diverse portfolio of specialty lines. The company operates in a portfolio of Energy, Property, Construction, Engineering, Ports and terminals, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors and Officers, Political Violence, Forestry, and Treaty Reinsurance. Its operating segment includes Specialty Longtail; Specialty Short tail and Reinsurance.

Employees: 401

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

821% more call options, than puts

Call options by funds: $1.59M | Put options by funds: $173K

30% more capital invested

Capital invested by funds: $135M [Q2] → $177M (+$41.2M) [Q3]

0.43% less ownership

Funds ownership: 21.01% [Q2] → 20.57% (-0.43%) [Q3]

11% less funds holding

Funds holding: 55 [Q2] → 49 (-6) [Q3]

26% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 19

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $26 6% upside
• Avg. target: $28 14% upside
• High target: $30 22% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Oppenheimer Michael Phillips 50% 1-year accuracy 7 / 14 met price target	22% upside $30	Outperform Initiated	21 Nov 2024
RBC Capital Scott Heleniak 72% 1-year accuracy 38 / 53 met price target	6% upside $26	Outperform Maintained	7 Nov 2024