ValuEngine Downgrades National Security Group (NASDAQ:NSEC) to Hold

National Security Group (NASDAQ:NSEC) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

NASDAQ NSEC opened at $12.46 on Thursday. National Security Group has a one year low of $10.01 and a one year high of $14.75. The company has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $11.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $35.44 million, a PE ratio of 20.59 and a beta of -0.06.

National Security Group (NASDAQ:NSEC) last posted its quarterly earnings results on Tuesday, August 13th. The insurance provider reported ($0.23) EPS for the quarter. National Security Group had a net margin of 2.55% and a return on equity of 3.53%. The business had revenue of $16.21 million during the quarter.

In other National Security Group news, Director Fred Clark, Jr. purchased 7,950 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average cost of $12.25 per share, with a total value of $97,387.50. Following the acquisition, the director now owns 70,624 shares of the company’s stock, valued at approximately $865,144. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought a total of 8,300 shares of company stock valued at $101,246 over the last ninety days. Company insiders own 38.18% of the company’s stock.

An institutional investor recently bought a new position in National Security Group stock. RFG Advisory LLC purchased a new stake in National Security Group Inc (NASDAQ:NSEC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 15,318 shares of the insurance provider’s stock, valued at approximately $184,000. RFG Advisory LLC owned 0.61% of National Security Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 2.99% of the company’s stock.

National Security Group Company Profile

The National Security Group, Inc, an insurance holding company, provides insurance products and services in the United States. The company operates in two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance services in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

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