Dimensional Fund Advisors LP grew its stake in shares of National General Holdings Corp (NASDAQ:NGHC) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,825,586 shares of the insurance provider’s stock after purchasing an additional 202,712 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.71% of National General worth $34,886,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in National General by 530.6% during the second 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 in the last quarter. SG Americas Securities LLC acquired a new stake in National General during the third quarter worth approximately $134,000. Pacad Investment Ltd. acquired a new stake in National General during the second quarter worth approximately $143,000. First Quadrant L P CA raised its holdings in National General by 118.8% during the third 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 in the last quarter. Finally, Trexquant Investment LP acquired a new stake in National General during the third quarter worth approximately $202,000. 45.62% of the stock is currently owned by institutional investors.
National General Holdings Corp (NASDAQ NGHC) opened at $20.46 on Friday. The stock has a market cap of $2,159.02, a P/E ratio of 19.65 and a beta of 1.33. National General Holdings Corp has a 1 year low of $16.21 and a 1 year high of $26.99.
National General (NASDAQ:NGHC) last announced its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. National General had a net margin of 2.62% and a return on equity of 7.30%. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. analysts forecast that National General Holdings Corp will post 0.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Friday, December 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.78%. National General’s dividend payout ratio (DPR) is presently 16.49%.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of National General from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a report on Saturday, January 6th. BidaskClub cut shares of National General from a “sell” rating to a “strong sell” rating in a report on Thursday, December 21st. TheStreet raised shares of National General from a “c” rating to a “b” rating in a report on Tuesday, November 21st. B. Riley reissued a “buy” rating and set a $29.00 price objective on shares of National General in a report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of National General in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.
In other National General news, Director John Drake Nichols bought 24,500 shares of the stock in a transaction dated Monday, November 27th. The shares were acquired at an average cost of $20.45 per share, for a total transaction of $501,025.00. Following the completion of the transaction, the director now owns 24,500 shares in the company, valued at approximately $501,025. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.43% of the company’s stock.
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National General Company 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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