National General Holdings Corp (NGHC) Receives Average Rating of “Hold” from Brokerages

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.

Several hedge funds and other institutional investors have recently made changes to their positions in NGHC. Fuller & Thaler Asset Management Inc. raised its stake in shares of National General by 55.4% in 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 during the last quarter. Royal Bank of Canada raised its stake in shares of National General by 22.8% in 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 during the last quarter. Schroder Investment Management Group raised its stake in shares of National General by 40.1% in 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 during the last quarter. Wells Fargo & Company MN raised its stake in shares of National General by 20.9% in 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 during the last quarter. Finally, Northern Trust Corp raised its stake in shares of National General by 43.6% in 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 during the last quarter. 45.62% of the stock is owned by institutional investors.

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%.

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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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