National General Holdings Corp (NASDAQ:NGHC) saw a significant growth in short interest in the month of October. As of October 13th, there was short interest totalling 1,210,037 shares, a growth of 45.5% from the September 29th total of 831,614 shares. Based on an average trading volume of 399,024 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.0% of the shares of the company are short sold.

Shares of National General Holdings Corp (NGHC) opened at 20.68 on Friday. National General Holdings Corp has a 52-week low of $16.21 and a 52-week high of $26.99. The stock has a market capitalization of $2.21 billion, a PE ratio of 27.95 and a beta of 1.32. The stock has a 50 day moving average price of $19.03 and a 200-day moving average price of $20.44.

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 consensus estimate of $0.39 by ($0.28). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $966.51 million. National General Holdings Corp had a net margin of 2.13% and a return on equity of 7.80%. The firm’s quarterly revenue was up 36.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. On average, equities research analysts anticipate that National General Holdings Corp will post $1.00 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Sunday, October 1st were issued 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 0.77%. National General Holdings Corp’s dividend payout ratio is currently 22.22%.

In related news, CEO Barry Karfunkel purchased 25,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $18.25 per share, with a total value of $456,250.00. Following the completion of the acquisition, the chief executive officer now owns 110,073 shares of the company’s stock, valued at approximately $2,008,832.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.43% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of NGHC. Royal Bank of Canada lifted its holdings in shares of National General Holdings Corp by 22.8% in the 2nd quarter. Royal Bank of Canada now owns 3,769,979 shares of the insurance provider’s stock valued at $79,546,000 after buying an additional 699,595 shares during the period. Northern Trust Corp lifted its holdings in shares of National General Holdings Corp by 43.6% in the 2nd quarter. Northern Trust Corp now owns 1,000,324 shares of the insurance provider’s stock valued at $21,107,000 after buying an additional 303,730 shares during the period. Vanguard Group Inc. lifted its holdings in shares of National General Holdings Corp by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 4,118,335 shares of the insurance provider’s stock valued at $97,851,000 after buying an additional 180,570 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of National General Holdings Corp by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,622,874 shares of the insurance provider’s stock valued at $34,244,000 after buying an additional 177,415 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of National General Holdings Corp by 13.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,185,931 shares of the insurance provider’s stock valued at $25,343,000 after buying an additional 141,635 shares during the period. 45.92% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on NGHC. Zacks Investment Research raised National General Holdings Corp from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of National General Holdings Corp in a report on Friday, September 29th. FBR & Co reissued a “buy” rating and issued a $29.00 price target on shares of National General Holdings Corp in a report on Monday, September 18th. Morgan Stanley decreased their price target on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 10th. Finally, TheStreet downgraded National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.75.

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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.

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