National General (NASDAQ:NGHC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “National General Holdings Corp. is a specialty personal lines insurance holding company. The Company, through its subsidiaries, provides personal and commercial automobile insurance, recreational vehicle and motorcycle insurance, supplemental health insurance products and other niche insurance products. It operates in two segments, Property and Casualty and Accident and Health. The Property and Casualty segment offers standard and preferred automobile and sub-standard automobile insurance policies; Recreational vehicle insurance policies; commercial automobile insurance policies; and motorcycle insurance policies for various types of motorcycles, as well as golf carts and all-terrain vehicles. The Accident and Health segment provides accident and non-major medical health insurance products. National General Holdings Corp. is headquartered in New York. “

Several other research analysts have also weighed in on NGHC. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 price objective on shares of National General in a research report on Tuesday, August 29th. FBR & Co reissued a “buy” rating and issued a $29.00 price objective on shares of National General in a research report on Monday, September 18th. B. Riley reissued a “buy” rating and issued a $29.00 price objective on shares of National General in a research report on Monday, November 6th. TheStreet lowered National General from a “b-” rating to a “c” rating in a research report on Tuesday, August 8th. Finally, Morgan Stanley lowered their price objective on National General from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.40.

Shares of National General (NASDAQ NGHC) traded down $0.16 on Wednesday, hitting $20.58. The stock had a trading volume of 156,754 shares, compared to its average volume of 230,228. National General has a one year low of $16.21 and a one year high of $26.99. The company has a market cap of $2,195.29, a price-to-earnings ratio of 19.98 and a beta of 1.33.

National General (NASDAQ:NGHC) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. National General had a return on equity of 7.30% and a net margin of 2.62%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.31 EPS. National General’s revenue for the quarter was up 23.3% on a year-over-year basis. equities analysts expect that National General will post 0.98 earnings per share for the current year.

In related news, Director John Drake Nichols acquired 24,500 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of $20.45 per share, with a total value of $501,025.00. Following the acquisition, the director now owns 24,500 shares of the company’s stock, valued at approximately $501,025. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.43% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its position in shares of National General by 55.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,505,789 shares of the insurance provider’s stock worth $47,886,000 after acquiring an additional 893,802 shares in the last quarter. Royal Bank of Canada lifted its position in shares of National General by 22.8% during the second quarter. Royal Bank of Canada now owns 3,769,979 shares of the insurance provider’s stock worth $79,546,000 after acquiring an additional 699,595 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of National General by 40.1% during the third quarter. Schroder Investment Management Group now owns 1,661,359 shares of the insurance provider’s stock worth $31,416,000 after acquiring an additional 475,428 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of National General by 20.9% during the third quarter. Wells Fargo & Company MN now owns 2,581,523 shares of the insurance provider’s stock worth $49,332,000 after acquiring an additional 446,473 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of National General by 43.6% during the second quarter. Northern Trust Corp now owns 1,000,324 shares of the insurance provider’s stock worth $21,107,000 after acquiring an additional 303,730 shares in the last quarter. Hedge funds and other institutional investors own 45.63% of the company’s stock.

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About National General

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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