IGI Announces New 5 Million Share Repurchase Authorization
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International General Insurance Holdings (IGIC) announced a new share repurchase authorization for up to 5 million common shares, replacing a fully utilized previous authorization of 7.5 million shares. This decision reflects IGI's commitment to capital management and enhancing shareholder value. Analysts rate IGIC stock as a Buy with a $32.00 price target, highlighting strong financial performance and strategic market expansion, despite a lack of current cash flow data. IGI operates globally in specialty insurance and is rated ‘A’ by AM Best and S&P Global Ratings.
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