With 0.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.11 million shares. During the session, the Insurance – Diversified company that operates in wider Financial sector, reached to the highest price of $26.9 whereas the lowest price it dropped to was $25.81. The 52-week range on IGIC shows that it touched its highest point at $27.00 and its lowest point at $11.04 during that stretch. It currently has a 1-year price target of $28.00. With its current market cap of 1.17 billion, IGIC has annualized dividend of $0.07 while the current yield stands at 0.27%. Beta for the stock currently stands at 0.26.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IGIC was up-trending over the past week, with a rise of 5.58%, but this was up by 15.72% over a month. Three-month performance surged to 42.28% while six-month performance rose 80.56%. The stock gained 133.42% in the past year, while it has gained 108.77% so far this year. A look at the trailing 12-month EPS for IGIC yields 3.04 with Next year EPS estimates of 3.01. For the next quarter, that number is 0.65. This implies an EPS growth rate of 15.28% for this year and 2.44% for next year.
Float and Shares Shorts:
At present, 44.50 million IGIC shares are outstanding with a float of 15.42 million shares on hand for trading. On 2024-11-15, short shares totaled 0.18 million, which was 38.99999999999999 higher than short shares on 1728950400. In addition to Mr. Wasef Salim Jabsheh as the firm’s Founder & Executive Chairman, Mr. Waleed Wasef Jabsheh serves as its CEO, President & Director.
Institutional Ownership:
Through their ownership of 0.51312 of IGIC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With IGIC analysts setting a high price target of 30.0 and a low target of 26.0, the average target price over the next 12 months is 28.0. Based on these targets, IGIC could surge 15.79% to reach the target high and rise by 0.35% to reach the target low. Reaching the average price target will result in a growth of 8.07% from current levels.
Analysts have provided yearly estimates in a range of $2.9397 being high and $2.9397 being low. For IGIC, this leads to a yearly average estimate of $2.9397. The surprise factor in the prior quarter was $0.64. Based on analyst estimates, the high estimate for the next quarter is $0.74 and the low estimate is $0.64. The average estimate for the next quarter is thus $0.69.
