National Interstate Corp. Announces Quarterly Dividend of $0.12 (NATL)
National Interstate Corp. (NASDAQ:NATL) announced a quarterly dividend on Friday, August 1st, ARN reports. Investors of record on Thursday, August 21st will be paid a dividend of 0.12 per share on Thursday, September 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.81%.
A number of research firms have recently commented on NATL. Analysts at Keefe, Bruyette & Woods cut their price target on shares of National Interstate Corp. from $28.00 to $27.00 in a research note on Thursday. Analysts at Zacks downgraded shares of National Interstate Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 3rd. They now have a $26.90 price target on the stock.
National Interstate Corp. (NASDAQ:NATL) traded down 0.55% on Friday, hitting $26.94. The stock had a trading volume of 2,022 shares. National Interstate Corp. has a one year low of $21.18 and a one year high of $32.66. The stock’s 50-day moving average is $28.17 and its 200-day moving average is $27.78. The company has a market cap of $532.9 million and a price-to-earnings ratio of 40.98.
National Interstate Corp. (NASDAQ:NATL) last announced its earnings results on Monday, July 28th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.92. The company had revenue of $149.80 million for the quarter, compared to the consensus estimate of $148.32 million. On average, analysts predict that National Interstate Corp. will post $1.25 earnings per share for the current fiscal year.
National Interstate Corporation and its subsidiaries operate as an insurance holding company that underwrites and sells traditional and alternative property and casualty insurance products primarily to the passenger transportation, trucking and moving and storage industries, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles and commercial vehicles throughout the United States.
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