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

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. “

NGHC has been the topic of several other research reports. BidaskClub upgraded National General from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Keefe, Bruyette & Woods restated a “buy” rating on shares of National General in a research report on Friday, September 29th. FBR & Co restated a “buy” rating and issued a $29.00 target price on shares of National General in a research report on Monday, September 18th. B. Riley restated a “buy” rating and issued a $29.00 target price on shares of National General in a research report on Monday, November 6th. Finally, TheStreet upgraded National General from a “c” rating to a “b” rating in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.40.

National General (NASDAQ:NGHC) opened at $19.66 on Friday. The firm has a market capitalization of $2,086.48, a P/E ratio of 20.27 and a beta of 1.33. National General has a 1 year low of $16.21 and a 1 year high of $26.99.

National General (NASDAQ:NGHC) last released its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.11. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. National General had a return on equity of 7.30% and a net margin of 2.62%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. analysts forecast that National General will post 0.93 earnings per share for the current fiscal year.

In related news, Director John Drake Nichols acquired 24,500 shares of National General stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average price of $20.45 per share, for a total transaction of $501,025.00. Following the completion of the transaction, the director now owns 24,500 shares in the company, valued at approximately $501,025. 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.

A number of institutional investors have recently made changes to their positions in NGHC. Russell Investments Group Ltd. lifted its position in National General by 8.8% during the second quarter. Russell Investments Group Ltd. now owns 38,503 shares of the insurance provider’s stock worth $812,000 after buying an additional 3,126 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in National General by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 241,138 shares of the insurance provider’s stock worth $5,089,000 after buying an additional 12,235 shares in the last quarter. First Trust Advisors LP lifted its position in National General by 26.0% during the second quarter. First Trust Advisors LP now owns 107,090 shares of the insurance provider’s stock worth $2,260,000 after buying an additional 22,109 shares in the last quarter. Rhumbline Advisers lifted its position in National General by 1.6% during the second quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after buying an additional 886 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in National General by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 309,649 shares of the insurance provider’s stock worth $6,534,000 after buying an additional 4,031 shares in the last quarter. Hedge funds and other institutional investors own 45.62% 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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