Q1 2017 EPS Estimates for National General Holdings Corp (NGHC) Decreased by William Blair
National General Holdings Corp (NASDAQ:NGHC) – Equities research analysts at William Blair lowered their Q1 2017 earnings per share estimates for National General Holdings Corp in a research note issued to investors on Wednesday. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $0.40 per share for the quarter, down from their prior forecast of $0.50. William Blair also issued estimates for National General Holdings Corp’s Q3 2017 earnings at $0.46 EPS, FY2017 earnings at $1.90 EPS and Q1 2018 earnings at $0.55 EPS.
National General Holdings Corp (NASDAQ:NGHC) last announced its quarterly earnings data on Monday, February 27th. The insurance provider reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.07. The firm earned $740.50 million during the quarter, compared to analyst estimates of $911.45 million. National General Holdings Corp had a net margin of 4.36% and a return on equity of 12.60%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS.
Separately, Zacks Investment Research downgraded National General Holdings Corp from a “hold” rating to a “sell” rating in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.00.
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Shares of National General Holdings Corp (NASDAQ:NGHC) opened at 21.94 on Thursday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 16.01 and a beta of 1.32. The stock has a 50 day moving average of $23.32 and a 200-day moving average of $23.44. National General Holdings Corp has a one year low of $18.04 and a one year high of $26.99.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 19th. Stockholders of record on Monday, April 3rd were given a dividend of $0.04 per share. The ex-dividend date was Thursday, March 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.73%. National General Holdings Corp’s dividend payout ratio (DPR) is 13.11%.
In other National General Holdings Corp news, CEO Barry Karfunkel bought 31,600 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was acquired at an average cost of $22.93 per share, for a total transaction of $724,588.00. Following the completion of the transaction, the chief executive officer now owns 73,473 shares in the company, valued at $1,684,735.89. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Karfunkel bought 25,000 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were acquired at an average price of $23.00 per share, with a total value of $575,000.00. Following the completion of the transaction, the insider now owns 53,521 shares of the company’s stock, valued at approximately $1,230,983. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 131,578 shares of company stock valued at $3,014,585. Corporate insiders own 14.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NGHC. Amtrust Financial Services Inc. acquired a new stake in National General Holdings Corp during the fourth quarter valued at $307,263,000. Hillcrest Asset Management LLC acquired a new stake in National General Holdings Corp during the third quarter valued at $8,623,000. Schroder Investment Management Group increased its stake in National General Holdings Corp by 44.1% in the third quarter. Schroder Investment Management Group now owns 841,800 shares of the insurance provider’s stock valued at $18,722,000 after buying an additional 257,664 shares during the period. Ameriprise Financial Inc. increased its stake in National General Holdings Corp by 21.5% in the third quarter. Ameriprise Financial Inc. now owns 1,435,133 shares of the insurance provider’s stock valued at $31,914,000 after buying an additional 254,411 shares during the period. Finally, Brown Advisory Inc. increased its stake in National General Holdings Corp by 28.2% in the fourth quarter. Brown Advisory Inc. now owns 994,977 shares of the insurance provider’s stock valued at $24,866,000 after buying an additional 218,767 shares during the period. Institutional investors and hedge funds own 41.83% of the company’s stock.
About National General Holdings Corp
National General Holdings Corp. is a specialty 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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