With 50719.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.13 million shares. During the session, the Insurance – Diversified company that operates in wider Financial sector, reached to the highest price of $24.16 whereas the lowest price it dropped to was $23.7201. The 52-week range on IGIC shows that it touched its highest point at $27.00 and its lowest point at $11.09 during that stretch. It currently has a 1-year price target of $29.00. With its current market cap of 1.08 billion, IGIC has annualized dividend of $0.09 while the current yield stands at 0.35%. Beta for the stock currently stands at 0.27.
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 0.93%, but this was down by -8.09% over a month. Three-month performance surged to 23.23% while six-month performance rose 68.99%. The stock gained 87.83% in the past year, while it has gained 0.93% 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, 45.34 million IGIC shares are outstanding with a float of 15.42 million shares on hand for trading. On 2024-12-13, short shares totaled 95042.0, which was 21.0 higher than short shares on 1731628800. 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 28.0, the average target price over the next 12 months is 29.0. Based on these targets, IGIC could surge 25.1% to reach the target high and rise by 16.76% to reach the target low. Reaching the average price target will result in a growth of 20.93% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. 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.
