International General Insurance price target raised to $12 from $11 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on International General Insurance to $12 from $11 and keeps an Outperform rating on the shares after its Q2 results. The company demonstrated its operational strength with a healthy earnings beat to estimates and upside on nearly every line item, the analyst tells investors in a research note. Growth at International General Insurance remains strong with an impressive 34.0% annualized operating ROE, and its margins also remain “very healthy”, the firm adds.