National General Holdings Corp (NASDAQ:NGHC) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One investment 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. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $25.75.
A number of equities analysts have recently commented on NGHC shares. TheStreet raised shares of National General from a “c” rating to a “b” rating in a report on Tuesday, November 21st. Keefe, Bruyette & Woods reissued a “buy” rating on shares of National General in a report on Friday, September 29th. FBR & Co reissued a “buy” rating and set a $29.00 price target on shares of National General in a report on Monday, September 18th. B. Riley reissued a “buy” rating and set a $29.00 price target on shares of National General in a report on Monday, November 6th. Finally, Zacks Investment Research raised shares of National General from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th.
In other news, Director John Drake Nichols purchased 24,500 shares of the business’s stock in a transaction that occurred 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 directly owns 24,500 shares of the company’s stock, valued at approximately $501,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.43% of the company’s stock.
National General (NASDAQ:NGHC) traded up $0.22 during trading hours on Tuesday, hitting $20.46. 287,100 shares of the stock were exchanged, compared to its average volume of 254,767. The company has a market cap of $2,130.00, a P/E ratio of 21.09 and a beta of 1.33. National General has a one year low of $16.21 and a one year high of $26.99.
National General (NASDAQ:NGHC) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. National General had a net margin of 2.62% and a return on equity of 7.30%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. equities research analysts anticipate that National General will post 0.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, December 29th. National General’s dividend payout ratio is currently 16.49%.
WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/16/national-general-holdings-corp-nghc-receives-average-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for National General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National General and related companies with MarketBeat.com's FREE daily email newsletter.