National General Holdings Corp (NASDAQ:NGHC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “National General Holdings Corp. is a specialty personal lines insurance holding company. The Company, through its subsidiaries, provides personal and commercial automobile insurance, recreational vehicle and motorcycle insurance, supplemental health insurance products and other niche insurance products. It operates in two segments, Property and Casualty and Accident and Health. The Property and Casualty segment offers standard and preferred automobile and sub-standard automobile insurance policies; Recreational vehicle insurance policies; commercial automobile insurance policies; and motorcycle insurance policies for various types of motorcycles, as well as golf carts and all-terrain vehicles. The Accident and Health segment provides accident and non-major medical health insurance products. National General Holdings Corp. is headquartered in New York. “

A number of other analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $27.00 target price on shares of National General Holdings Corp in a report on Wednesday, June 21st. ValuEngine cut shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, BidaskClub raised shares of National General Holdings Corp from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.00.

Shares of National General Holdings Corp (NASDAQ:NGHC) traded down 1.57% on Thursday, reaching $21.37. 129,781 shares of the company’s stock traded hands. The stock has a market capitalization of $2.28 billion, a PE ratio of 17.96 and a beta of 1.26. National General Holdings Corp has a 52 week low of $18.04 and a 52 week high of $26.99. The company has a 50 day moving average of $21.41 and a 200-day moving average of $23.00.

National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings results on Monday, May 8th. The insurance provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 36.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Equities research analysts forecast that National General Holdings Corp will post $1.74 earnings per share for the current year.

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In other news, COO Peter A. Rendall sold 30,901 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $21.06, for a total transaction of $650,775.06. Following the completion of the transaction, the chief operating officer now owns 126 shares in the company, valued at $2,653.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Peter A. Rendall sold 32,659 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was 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 of the company’s stock, valued at approximately $1,404,276.30. The disclosure for this sale can be found here. 3.43% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of National General Holdings Corp by 4.6% in the first quarter. Vanguard Group Inc. now owns 4,118,335 shares of the insurance provider’s stock worth $97,851,000 after buying an additional 180,570 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of National General Holdings Corp by 14.6% in the first quarter. Wells Fargo & Company MN now owns 2,037,874 shares of the insurance provider’s stock worth $48,420,000 after buying an additional 259,243 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of National General Holdings Corp by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,445,459 shares of the insurance provider’s stock worth $34,343,000 after buying an additional 103,100 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of National General Holdings Corp by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 1,358,467 shares of the insurance provider’s stock worth $32,267,000 after buying an additional 32,314 shares in the last quarter. Finally, Pembroke Management LTD raised its position in shares of National General Holdings Corp by 1.4% in the first quarter. Pembroke Management LTD now owns 1,314,600 shares of the insurance provider’s stock worth $31,234,000 after buying an additional 18,200 shares in the last quarter. Hedge funds and other institutional investors own 53.75% 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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