National General Holdings Corp (NGHC) Shares Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. grew its stake in National General Holdings Corp (NASDAQ:NGHC) by 35.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,762 shares of the insurance provider’s stock after acquiring an additional 5,412 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in National General Holdings Corp were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Legal & General Group Plc lifted its position in shares of National General Holdings Corp by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock worth $357,000 after purchasing an additional 352 shares during the period. Principal Financial Group Inc. lifted its position in shares of National General Holdings Corp by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock worth $826,000 after purchasing an additional 462 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of National General Holdings Corp by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,099 shares of the insurance provider’s stock worth $845,000 after purchasing an additional 669 shares during the period. Rhumbline Advisers lifted its position in shares of National General Holdings Corp by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after purchasing an additional 886 shares during the period. Finally, Wedge Capital Management L L P NC lifted its position in shares of National General Holdings Corp by 4.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 22,470 shares of the insurance provider’s stock worth $474,000 after purchasing an additional 1,054 shares during the period. Institutional investors and hedge funds own 45.92% of the company’s stock.

In other news, CEO Barry Karfunkel purchased 25,000 shares of the stock in a transaction on Thursday, August 10th. The stock was bought at an average price of $18.25 per share, for a total transaction of $456,250.00. Following the acquisition, the chief executive officer now directly owns 110,073 shares of the company’s stock, valued at approximately $2,008,832.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.43% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of National General Holdings Corp from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of National General Holdings Corp in a research report on Friday, September 29th. FBR & Co reaffirmed a “buy” rating and issued a $29.00 price target on shares of National General Holdings Corp in a research report on Monday, September 18th. Morgan Stanley lowered their price target on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 10th. Finally, TheStreet cut shares of National General Holdings Corp from a “b-” rating to a “c” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. National General Holdings Corp has an average rating of “Hold” and an average target price of $25.75.

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Shares of National General Holdings Corp (NASDAQ NGHC) traded up 0.30% during midday trading on Friday, hitting $20.35. 54,980 shares of the stock traded hands. The stock has a 50-day moving average of $18.29 and a 200-day moving average of $20.65. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 27.50 and a beta of 1.32. National General Holdings Corp has a 52-week low of $16.21 and a 52-week high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 EPS for the quarter, missing the 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $966.51 million. During the same quarter last year, the firm earned $0.41 EPS. The company’s revenue was up 36.2% on a year-over-year basis. On average, equities analysts predict that National General Holdings Corp will post $0.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Sunday, October 1st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

National General Holdings Corp Profile

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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Institutional Ownership by Quarter for National General Holdings Corp (NASDAQ:NGHC)

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