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.

TRADEMARK VIOLATION NOTICE: “Q1 2017 EPS Estimates for National General Holdings Corp (NGHC) Decreased by William Blair” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/04/20/q1-2017-eps-estimates-for-national-general-holdings-corp-nghc-decreased-by-william-blair.html.

Earnings History and Estimates for National General Holdings Corp (NASDAQ:NGHC)

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.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/q1-2017-eps-estimates-for-national-general-holdings-corp-nghc-decreased-by-william-blair.html

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.

5 Day Chart for NASDAQ:NGHC

Receive News & Ratings for National General Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National General Holdings Corp and related companies with MarketBeat.com's FREE daily email newsletter.