Q3 2016 Earnings Forecast for National General Holdings Corp. Issued By FBR & Co (NGHC)
National General Holdings Corp. (NASDAQ:NGHC) – Equities research analysts at FBR & Co reduced their Q3 2016 earnings per share (EPS) estimates for shares of National General Holdings Corp. in a research report issued on Tuesday. FBR & Co analyst R. Binner now forecasts that the brokerage will post earnings of $0.35 per share for the quarter, down from their previous forecast of $0.47.
A number of other equities analysts also recently weighed in on the stock. William Blair restated an “outperform” rating on shares of National General Holdings Corp. in a report on Saturday, September 10th. Zacks Investment Research upgraded shares of National General Holdings Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of National General Holdings Corp. from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. National General Holdings Corp. presently has a consensus rating of “Buy” and an average price target of $26.13.
Shares of National General Holdings Corp. (NASDAQ:NGHC) traded up 0.14% during midday trading on Wednesday, hitting $22.19. 33,737 shares of the company traded hands. The stock has a market capitalization of $2.35 billion, a P/E ratio of 15.86 and a beta of 1.22. National General Holdings Corp. has a 12-month low of $18.04 and a 12-month high of $23.12. The stock’s 50-day moving average is $22.14 and its 200 day moving average is $21.64.
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National General Holdings Corp. (NASDAQ:NGHC) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business earned $804.60 million during the quarter, compared to the consensus estimate of $791.31 million. National General Holdings Corp. had a net margin of 5.28% and a return on equity of 14.14%. The firm’s quarterly revenue was up 41.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be issued a $0.04 dividend. This is an increase from National General Holdings Corp.’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Monday, October 3rd. National General Holdings Corp.’s payout ratio is currently 11.27%.
Several institutional investors have recently added to or reduced their stakes in NGHC. Northpointe Capital LLC increased its position in National General Holdings Corp. by 15.7% in the second quarter. Northpointe Capital LLC now owns 623,952 shares of the company’s stock valued at $13,365,000 after buying an additional 84,504 shares in the last quarter. Royal Bank of Canada increased its position in National General Holdings Corp. by 22.9% in the first quarter. Royal Bank of Canada now owns 3,661,930 shares of the company’s stock valued at $79,061,000 after buying an additional 683,518 shares in the last quarter. Prudential Financial Inc. increased its position in National General Holdings Corp. by 665.0% in the first quarter. Prudential Financial Inc. now owns 93,410 shares of the company’s stock valued at $2,017,000 after buying an additional 81,200 shares in the last quarter. Panagora Asset Management Inc. increased its position in National General Holdings Corp. by 2.1% in the first quarter. Panagora Asset Management Inc. now owns 331,839 shares of the company’s stock valued at $7,164,000 after buying an additional 6,772 shares in the last quarter. Finally, Elk Creek Partners LLC increased its position in National General Holdings Corp. by 11.5% in the second quarter. Elk Creek Partners LLC now owns 925,605 shares of the company’s stock valued at $19,826,000 after buying an additional 95,617 shares in the last quarter. Hedge funds and other institutional investors own 41.80% of the company’s stock.
About National General Holdings Corp.
National General Holdings Corp. is a personal lines insurance holding company. Through its subsidiaries, the Company provides a range of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, supplemental health, lender-placed and other niche products.
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