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

Shares of National General Holdings Corp (NASDAQ:NGHC) have been given an average rating of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.00.

NGHC has been the subject of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 price target on shares of National General Holdings Corp in a report on Wednesday, June 21st. BidaskClub raised National General Holdings Corp from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research raised National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 target price for the company in a report on Thursday, July 20th. TheStreet downgraded National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley reduced their target price 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.

National General Holdings Corp (NASDAQ:NGHC) traded down 0.78% during trading on Friday, hitting $20.40. 574,620 shares of the stock traded hands. The firm’s 50-day moving average is $18.02 and its 200-day moving average is $20.72. National General Holdings Corp has a 12 month low of $16.21 and a 12 month high of $26.99. The stock has a market cap of $2.18 billion, a P/E ratio of 27.57 and a beta of 1.32.

National General Holdings Corp (NASDAQ:NGHC) last issued its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.28). National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $966.51 million. During the same period in the prior year, the business earned $0.41 earnings per share. National General Holdings Corp’s revenue for the quarter was up 36.2% compared to the same quarter last year. On average, analysts forecast that National General Holdings Corp will post $1.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Sunday, October 1st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is currently 22.22%.

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In other National General Holdings Corp news, CEO Barry Karfunkel bought 25,000 shares of National General Holdings Corp stock in a transaction on Thursday, August 10th. The stock was bought at an average price 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 in the company, valued at $2,008,832.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.43% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of National General Holdings Corp in the second quarter valued at $618,000. BW Gestao de Investimentos Ltda. increased its position in shares of National General Holdings Corp by 35.3% in the second quarter. BW Gestao de Investimentos Ltda. now owns 20,762 shares of the insurance provider’s stock valued at $438,000 after buying an additional 5,412 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of National General Holdings Corp in the second quarter valued at $218,000. The Manufacturers Life Insurance Company increased its position in shares of National General Holdings Corp by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 40,099 shares of the insurance provider’s stock valued at $845,000 after buying an additional 669 shares in the last quarter. Finally, Sciencast Management LP purchased a new position in shares of National General Holdings Corp in the second quarter valued at $211,000. Institutional investors and hedge funds own 45.92% of the company’s stock.

About National General Holdings Corp

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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