National General Holdings Corp (NASDAQ:NGHC)‘s stock had its “buy” rating reaffirmed by investment analysts at FBR & Co in a research note issued to investors on Monday. They currently have a $29.00 target price on the insurance provider’s stock. FBR & Co’s price target indicates a potential upside of 64.77% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $27.00 price objective on shares of National General Holdings Corp in a report on Tuesday, August 29th. Zacks Investment Research lowered shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Morgan Stanley reduced their price objective on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 10th. TheStreet lowered shares of National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. Finally, BidaskClub lowered shares of National General Holdings Corp from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. National General Holdings Corp currently has a consensus rating of “Hold” and an average price target of $25.75.

Shares of National General Holdings Corp (NASDAQ NGHC) traded down 0.51% during trading on Monday, hitting $17.60. The stock had a trading volume of 658,456 shares. National General Holdings Corp has a one year low of $16.21 and a one year high of $26.99. The stock has a market cap of $1.88 billion, a P/E ratio of 23.78 and a beta of 1.28. The stock’s 50 day moving average price is $18.20 and its 200-day moving average price is $21.18.

National General Holdings Corp (NASDAQ:NGHC) last announced its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.28). National General Holdings Corp had a net margin of 2.13% and a return on equity of 7.80%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $966.51 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. National General Holdings Corp’s revenue for the quarter was up 36.2% compared to the same quarter last year. Analysts expect that National General Holdings Corp will post $1.28 earnings per share for the current fiscal year.

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In related news, CEO Barry Karfunkel purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $18.25 per share, for a total transaction of $456,250.00. Following the purchase, the chief executive officer now directly owns 110,073 shares of the company’s stock, valued at $2,008,832.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter A. Rendall sold 30,901 shares of National General Holdings Corp 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 sale, the chief operating officer now owns 126 shares in the company, valued at $2,653.56. The disclosure for this sale can be found here. 3.43% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in NGHC. Teachers Advisors LLC raised its stake in National General Holdings Corp by 4.8% during the 4th quarter. Teachers Advisors LLC now owns 79,962 shares of the insurance provider’s stock worth $1,998,000 after acquiring an additional 3,692 shares in the last quarter. First Trust Advisors LP raised its stake in National General Holdings Corp by 45.2% during the 1st quarter. First Trust Advisors LP now owns 84,981 shares of the insurance provider’s stock worth $2,019,000 after acquiring an additional 26,436 shares in the last quarter. Advisors Asset Management Inc. raised its stake in National General Holdings Corp by 89.9% during the 1st quarter. Advisors Asset Management Inc. now owns 21,227 shares of the insurance provider’s stock worth $504,000 after acquiring an additional 10,050 shares in the last quarter. Bank of New York Mellon Corp raised its stake in National General Holdings Corp by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 305,618 shares of the insurance provider’s stock worth $7,262,000 after acquiring an additional 15,116 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in National General Holdings Corp by 15.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,435 shares of the insurance provider’s stock worth $581,000 after acquiring an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 45.92% 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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