National General Holdings Corp Announces Quarterly Dividend of $0.04 (NASDAQ:NGHC)
National General Holdings Corp (NASDAQ:NGHC) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Sunday, October 1st will be given a dividend of 0.04 per share by the insurance provider on Monday, October 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, September 28th.
National General Holdings Corp (NASDAQ NGHC) traded down 7.132% during mid-day trading on Tuesday, reaching $19.075. The company’s stock had a trading volume of 1,236,768 shares. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 16.029 and a beta of 1.25. National General Holdings Corp has a 12-month low of $18.04 and a 12-month high of $26.99. The firm’s 50 day moving average price is $21.29 and its 200 day moving average price is $22.79.
National General Holdings Corp (NASDAQ:NGHC) last released its earnings results on Monday, August 7th. The insurance provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.28. National General Holdings Corp had a return on equity of 10.43% and a net margin of 3.70%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $966.51 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 36.2% compared to the same quarter last year. On average, equities analysts predict that National General Holdings Corp will post $1.74 earnings per share for the current year.
In other National General Holdings Corp news, COO Peter A. Rendall sold 32,659 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $22.05, for a total transaction of $720,130.95. Following the sale, 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 legal filing with the SEC, which is available through this link. Also, COO Peter A. Rendall sold 30,901 shares of the 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 sale, 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. 3.43% of the stock is currently owned by corporate insiders.
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A number of analysts recently issued reports on NGHC shares. Keefe, Bruyette & Woods reissued 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. BidaskClub raised National General Holdings Corp from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised 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 research note on Thursday, July 20th. Finally, ValuEngine downgraded National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.67.
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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