National General Holdings Corp (NASDAQ:NGHC) posted its earnings results on Monday. The insurance provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.28, Bloomberg Earnings reports. National General Holdings Corp had a net margin of 3.70% and a return on equity of 10.43%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $966.51 million. During the same period last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 36.2% compared to the same quarter last year.

National General Holdings Corp (NASDAQ NGHC) traded down 0.29% on Monday, hitting $20.54. 193,243 shares of the company were exchanged. The stock has a market capitalization of $2.19 billion, a P/E ratio of 17.26 and a beta of 1.25. The stock’s 50-day moving average price is $21.29 and its 200-day moving average price is $22.79. National General Holdings Corp has a 52-week low of $18.04 and a 52-week high of $26.99.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, June 29th. National General Holdings Corp’s dividend payout ratio (DPR) is presently 13.56%.

A number of research firms recently weighed in on NGHC. BidaskClub lowered shares of National General Holdings Corp from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 target price on shares of National General Holdings Corp in a report on Tuesday, July 25th. Zacks Investment Research raised shares of 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. Finally, ValuEngine lowered shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.67.

In other National General Holdings Corp news, COO Peter A. Rendall sold 32,659 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $1,404,276.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Peter A. Rendall sold 30,901 shares of the company’s stock in a transaction on 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 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 corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in shares of National General Holdings Corp by 2.1% in the second quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock valued at $357,000 after buying an additional 352 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of National General Holdings Corp by 1.3% in the first quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock valued at $826,000 after buying an additional 462 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of National General Holdings Corp by 1.6% in the second quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock valued at $1,209,000 after buying an additional 886 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of National General Holdings Corp by 4.9% in the second quarter. Wedge Capital Management L L P NC now owns 22,470 shares of the insurance provider’s stock valued at $474,000 after buying an additional 1,054 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of National General Holdings Corp by 1.7% in the second quarter. Victory Capital Management Inc. now owns 114,850 shares of the insurance provider’s stock valued at $2,423,000 after buying an additional 1,958 shares during the last quarter. Institutional investors own 53.36% of the company’s stock.

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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.

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

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