Zacks Upgrades National General Holdings Corp to “Outperform” (NGHC)
National General Holdings Corp (NASDAQ:NGHC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday. The firm currently has a $16.20 price target on the stock. Zacks‘s target price suggests a potential upside of 5.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of National General Holdings Corp in a research note on Monday, March 24th. They now have a $21.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of National General Holdings Corp in a research note on Wednesday, March 19th. They set an “outperform” rating on the stock.
National General Holdings Corp (NASDAQ:NGHC) traded up 3.43% on Monday, hitting $15.39. The stock had a trading volume of 93,003 shares. National General Holdings Corp has a 52 week low of $13.58 and a 52 week high of $30.00. The stock’s 50-day moving average is $14.14 and its 200-day moving average is $14.11. The company has a market cap of $1.437 billion and a price-to-earnings ratio of 19.32.
National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.14. Analysts expect that National General Holdings Corp will post $1.09 EPS for the current fiscal year.
National General Holdings Corp. is a specialty personal lines insurance holding company. Through its subsidiaries, the Company provides personal and commercial automobile insurance, health insurance products and other niche insurance products.
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