National General Holdings Corp (NGHC) Set to Announce Earnings on Tuesday
National General Holdings Corp (NASDAQ:NGHC) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect National General Holdings Corp to post earnings of $0.02 per share for the quarter.
National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.28). National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $966.51 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 36.2% on a year-over-year basis. On average, analysts expect National General Holdings Corp to post $1.1 EPS for the current fiscal year and $2.08 EPS for the next fiscal year.
National General Holdings Corp (NASDAQ:NGHC) traded down 0.20% on Tuesday, reaching $20.40. The company had a trading volume of 30,578 shares. National General Holdings Corp has a 1-year low of $16.21 and a 1-year high of $26.99. The stock has a market capitalization of $2.18 billion, a P/E ratio of 27.57 and a beta of 1.31. The stock’s 50 day moving average is $18.88 and its 200-day moving average is $20.46.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Sunday, October 1st were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.
Several research firms have recently weighed in on NGHC. Keefe, Bruyette & Woods restated a “buy” rating and issued a $27.00 target price on shares of National General Holdings Corp in a research report on Tuesday, August 29th. Zacks Investment Research upgraded National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research report on Thursday, July 20th. BidaskClub upgraded National General Holdings Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. FBR & Co restated a “buy” rating and issued a $29.00 target price on shares of National General Holdings Corp in a research report on Monday, September 18th. Finally, Morgan Stanley decreased their target price on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $25.75.
In related news, CEO Barry Karfunkel acquired 25,000 shares of National General Holdings Corp stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $18.25 per share, for a total transaction of $456,250.00. Following the completion of the transaction, the chief executive officer now owns 110,073 shares in the company, valued at approximately $2,008,832.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.43% of the company’s stock.
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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