** Specialty insurer International General Insurance Holdings' IGIC.O shares jump 5.4% to $25.87 in early trading

** Oppenheimer starts coverage of IGIC with "outperform" rating and $30 PT, a 22.2% upside to stock's last close

** Brokerage believes the shares are deeply discounted and investors are likely to find the company's capabilities attractive

** Says that IGIC's impressive global reach should insulate growth against slowing industry pricing environment

** All three brokerages rate the stock "buy" or higher; median PT is $28 - LSEG data

** As of last close, IGIC shares up 97.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))