IGIC Stock Summary and Trading Ideas (Intl General Insurance | NASDAQ:IGIC)

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.

Intl General Insurance trades on the NASDAQ stock market under the symbol IGIC.

As of April 19, 2024, IGIC stock price declined to $13.17 with 92,825 million shares trading.

IGIC has a beta of -0.33, meaning it tends to be less sensitive to market movements. IGIC has a correlation of 0.02 to the broad based SPY ETF.

IGIC has a market cap of $619.43 million. This is considered a Small Cap stock.

Last quarter Intl General Insurance reported $115 million in Revenue and $.65 earnings per share. This fell short of revenue expectation by $-76 million and missed earnings estimates by -$.06.

In the last 3 years, IGIC stock traded as high as $14.14 and as low as $6.72.

The top ETF exchange traded funds that IGIC belongs to (by Net Assets): MGMT, PRFZ.

IGIC has outperformed the market in the last year with a price return of +64.3% while the SPY ETF gained +21.2%. IGIC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.5% and -3.9%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

IGIC support price is $13.10 and resistance is $13.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGIC stock will trade within this expected range on the day.