Shares of National General Holdings Corp (NASDAQ:NGHC) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.75.
Several research firms have recently weighed in on NGHC. Zacks Investment Research upgraded National General from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research note on Saturday, January 6th. BidaskClub lowered National General from a “sell” rating to a “strong sell” rating in a report on Thursday, December 21st. TheStreet raised National General from a “c” rating to a “b” rating in a report on Tuesday, November 21st. B. Riley reaffirmed a “buy” rating and issued a $29.00 price objective on shares of National General in a report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of National General in a report on Friday, September 29th.
In other news, Director John Drake Nichols acquired 24,500 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average price of $20.45 per share, with a total value of $501,025.00. Following the completion of the acquisition, the director now directly owns 24,500 shares of the company’s stock, valued at approximately $501,025. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.43% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of National General by 1.6% in the second quarter. Vanguard Group Inc. now owns 4,185,920 shares of the insurance provider’s stock worth $88,323,000 after acquiring an additional 67,585 shares during the period. Royal Bank of Canada grew its holdings in National General by 22.8% during the second quarter. Royal Bank of Canada now owns 3,769,979 shares of the insurance provider’s stock valued at $79,546,000 after purchasing an additional 699,595 shares during the period. Wells Fargo & Company MN grew its holdings in National General by 20.9% during the third quarter. Wells Fargo & Company MN now owns 2,581,523 shares of the insurance provider’s stock valued at $49,332,000 after purchasing an additional 446,473 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in National General by 55.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,505,789 shares of the insurance provider’s stock valued at $47,886,000 after purchasing an additional 893,802 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in National General by 12.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,825,586 shares of the insurance provider’s stock valued at $34,886,000 after purchasing an additional 202,712 shares during the period. 45.62% of the stock is owned by institutional investors.
National General (NGHC) traded up $0.10 during mid-day trading on Tuesday, hitting $20.35. The stock had a trading volume of 371,976 shares, compared to its average volume of 256,915. National General has a 52-week low of $16.21 and a 52-week high of $26.99. The stock has a market capitalization of $2,163.28, a PE ratio of 20.98 and a beta of 1.33.
National General (NASDAQ:NGHC) last posted its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 23.3% on a year-over-year basis. equities analysts predict that National General will post 0.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Tuesday, January 2nd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, December 29th. National General’s payout ratio is currently 16.49%.
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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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