International General Insurance Holdings Ltd. (IGIC) Continued to Capitalize on Its Strength

Diamond Hill Capital, an investment management company, released its “Small Cap Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1, markets were uneven due to the new presidential administration’s activity, leading to concern about the future. The Russell 3000 Index fell by 4.7% in Q1, the first quarterly loss since Q3 2023. Diamond Hill Small Cap Fund returned -11.56% in Q1, trailing the Russell 2000 Index’s -9.48% return. For more information on the fund’s top picks in 2025, please check its top five holdings.

In its first-quarter 2025 investor letter, Diamond Hill Small Cap Fund highlighted stocks such as International General Insurance Holdings Ltd. (NASDAQ:IGIC). International General Insurance Holdings Ltd. (NASDAQ:IGIC) is a global provider of specialty insurance and reinsurance solutions. The one-month return of International General Insurance Holdings Ltd. (NASDAQ:IGIC) was 9.53%, and its shares gained 81.78% of their value over the last 52 weeks. On May 6, 2025, International General Insurance Holdings Ltd. (NASDAQ:IGIC) stock closed at $25.74 per share with a market capitalization of $1.16 billion.

Diamond Hill Small Cap Fund stated the following regarding International General Insurance Holdings Ltd. (NASDAQ:IGIC) in its Q1 2025 investor letter:

“Other top contributors included Taseko Mines, Insperity and International General Insurance Holdings Ltd. (NASDAQ:IGIC). Global specialty re-insurance provider International General continues capitalizing on its strengths — an emphasis on long-term results, an underwriting-first culture and shareholder-friendly capital allocation — to drive solid fundamentals, which the market is beginning to appropriately realize.”

An engineer wearing protective equipment, inspecting a large construction project.

International General Insurance Holdings Ltd. (NASDAQ:IGIC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held International General Insurance Holdings Ltd. (NASDAQ:IGIC) at the end of the fourth quarter, compared to 7 in the third quarter. While we acknowledge the potential of International General Insurance Holdings Ltd. (NASDAQ:IGIC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

We explored International General Insurance Holdings Ltd. (NASDAQ:IGIC) in a previous article and explained why the list of insurance stocks is soaring in 2025. Diamond Hill Small Cap Fund initiated a position in International General Insurance Holdings Ltd. (NASDAQ:IGIC) in Q3 2024. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.