National General (NASDAQ:NGHC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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. “
Other analysts have also recently issued research reports about the company. TheStreet upgraded National General from a “c” rating to a “b” rating in a research note on Tuesday, November 21st. B. Riley restated a “buy” rating and set a $29.00 price objective on shares of National General in a research note on Monday, November 6th. Keefe, Bruyette & Woods restated a “buy” rating on shares of National General in a research note on Friday, September 29th. FBR & Co restated a “buy” rating and set a $29.00 price objective on shares of National General in a research note on Monday, September 18th. Finally, BidaskClub upgraded National General from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. One equities 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 currently has an average rating of “Hold” and an average target price of $26.40.
National General (NASDAQ:NGHC) opened at $19.66 on Friday. The company has a market capitalization of $2,050.21, a PE 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 issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. National General had a return on equity of 7.30% and a net margin of 2.62%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business posted $0.31 earnings per share. National General’s revenue for the quarter was up 23.3% on a year-over-year basis. analysts anticipate that National General will post 0.93 earnings per share for the current fiscal year.
In other news, Director John Drake Nichols acquired 24,500 shares of the business’s stock in a transaction 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 purchase, the director now directly owns 24,500 shares of the company’s stock, valued at approximately $501,025. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.43% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of National General by 530.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 4,765 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of National General during the 2nd quarter worth approximately $143,000. SG Americas Securities LLC acquired a new stake in shares of National General during the 3rd quarter worth approximately $134,000. First Quadrant L P CA raised its position in shares of National General by 118.8% during the 3rd quarter. First Quadrant L P CA now owns 9,850 shares of the insurance provider’s stock worth $188,000 after purchasing an additional 5,348 shares during the period. Finally, Sciencast Management LP acquired a new stake in shares of National General during the 2nd quarter worth approximately $211,000. Institutional investors and hedge funds own 45.62% of the company’s stock.
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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