National General Holdings Corp (NASDAQ:NGHC) – Stock analysts at FBR & Co dropped their Q2 2017 earnings per share (EPS) estimates for National General Holdings Corp in a research note issued on Tuesday. FBR & Co analyst R. Binner now anticipates that the insurance provider will post earnings per share of $0.40 for the quarter, down from their prior forecast of $0.44.

National General Holdings Corp (NASDAQ:NGHC) last announced its quarterly earnings data on Monday, May 8th. The insurance provider reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $943.94 million. National General Holdings Corp had a net margin of 3.70% and a return on equity of 10.43%. The firm’s revenue was up 36.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share.

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NGHC has been the subject of a number of other research reports. BidaskClub upgraded shares of National General Holdings Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 target price on shares of National General Holdings Corp in a research report on Wednesday, June 21st. Finally, ValuEngine downgraded shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. National General Holdings Corp presently has an average rating of “Hold” and an average target price of $25.00.

Shares of National General Holdings Corp (NASDAQ NGHC) opened at 20.71 on Wednesday. The firm has a market cap of $2.21 billion, a P/E ratio of 17.40 and a beta of 1.26. National General Holdings Corp has a 12 month low of $18.04 and a 12 month high of $26.99. The company has a 50-day moving average of $21.73 and a 200-day moving average of $23.40.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in shares of National General Holdings Corp during the first quarter valued at approximately $310,000. BW Gestao de Investimentos Ltda. raised its position in shares of National General Holdings Corp by 17.1% in the first quarter. BW Gestao de Investimentos Ltda. now owns 15,350 shares of the insurance provider’s stock valued at $365,000 after buying an additional 2,245 shares during the period. Legal & General Group Plc raised its position in shares of National General Holdings Corp by 15.2% in the first quarter. Legal & General Group Plc now owns 16,545 shares of the insurance provider’s stock valued at $393,000 after buying an additional 2,188 shares during the period. AGF Investments Inc. acquired a new position in shares of National General Holdings Corp during the first quarter valued at approximately $403,000. Finally, Advisors Asset Management Inc. raised its position in shares of National General Holdings Corp by 89.9% in the first quarter. Advisors Asset Management Inc. now owns 21,227 shares of the insurance provider’s stock valued at $504,000 after buying an additional 10,050 shares during the period. Institutional investors own 53.75% of the company’s stock.

In other news, COO Peter A. Rendall sold 32,659 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $22.05, for a total transaction of $720,130.95. Following the transaction, the chief operating officer now owns 63,686 shares in the company, valued at approximately $1,404,276.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Peter A. Rendall sold 30,901 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $21.06, for a total transaction of $650,775.06. Following the transaction, the chief operating officer now owns 126 shares in the company, valued at approximately $2,653.56. The disclosure for this sale can be found here. Corporate insiders own 3.43% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.77%. National General Holdings Corp’s dividend payout ratio (DPR) is 13.56%.

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.

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

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