National General Holdings Corp (NASDAQ:NGHC) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.67.

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 target price on shares of National General Holdings Corp in a report on Tuesday. Zacks Investment Research upgraded National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 target price for the company in a report on Thursday, July 20th. ValuEngine lowered National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, BidaskClub raised National General Holdings Corp from a “sell” rating to a “hold” rating in a report on Monday.

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National General Holdings Corp (NASDAQ NGHC) traded up 1.51% on Tuesday, reaching $21.58. The company had a trading volume of 94,314 shares. The stock has a market capitalization of $2.30 billion, a P/E ratio of 18.13 and a beta of 1.26. The stock’s 50 day moving average is $21.36 and its 200-day moving average is $22.94. National General Holdings Corp has a 1-year low of $18.04 and a 1-year high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last released its earnings results on Monday, May 8th. The insurance provider reported $0.38 earnings per share (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 analyst estimates of $943.94 million. National General Holdings Corp had a return on equity of 10.43% and a net margin of 3.70%. National General Holdings Corp’s revenue was up 36.1% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. On average, equities analysts predict that National General Holdings Corp will post $1.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, June 29th. National General Holdings Corp’s payout ratio is currently 13.56%.

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

Several hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in 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 last quarter. First Trust Advisors LP boosted its position in shares of National General Holdings Corp by 45.2% in the first quarter. First Trust Advisors LP now owns 84,981 shares of the insurance provider’s stock valued at $2,019,000 after buying an additional 26,436 shares during the period. Stoneridge Investment Partners LLC bought a new position in shares of National General Holdings Corp during the first quarter valued at about $571,000. Pembroke Management LTD boosted 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 valued at $31,234,000 after buying an additional 18,200 shares during the period. Finally, Wells Fargo & Company MN boosted 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 valued at $48,420,000 after buying an additional 259,243 shares during the period. 53.75% of the stock is owned by institutional investors and hedge funds.

National General Holdings Corp Company Profile

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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