Dimensional Fund Advisors LP increased its stake in National General Holdings Corp (NASDAQ:NGHC) by 12.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,825,586 shares of the insurance provider’s stock after purchasing an additional 202,712 shares during the period. 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.
Several other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA increased its holdings in shares of 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 during the period. SG Americas Securities LLC bought a new position in shares of National General during the third quarter worth approximately $134,000. Pacad Investment Ltd. bought a new position in shares of National General during the second quarter worth approximately $143,000. First Quadrant L P CA boosted 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 acquiring an additional 5,348 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of National General during the 3rd quarter worth approximately $202,000. Institutional investors own 45.60% of the company’s stock.
Shares of National General Holdings Corp (NGHC) traded down $0.63 during midday trading on Monday, hitting $19.05. 306,767 shares of the stock were exchanged, compared to its average volume of 222,811. The firm has a market capitalization of $2,099.28, a PE ratio of 19.64 and a beta of 1.26. National General Holdings Corp has a 52-week low of $16.21 and a 52-week high of $26.99.
National General (NASDAQ:NGHC) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. National General had a net margin of 2.62% and a return on equity of 7.30%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue was up 23.3% on a year-over-year basis. equities research analysts predict that National General Holdings Corp will post 0.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, December 29th. National General’s dividend payout ratio (DPR) is presently 16.49%.
Several analysts recently issued reports on NGHC shares. B. Riley reiterated a “buy” rating and set a $29.00 price target on shares of National General in a research report on Monday, November 6th. TheStreet upgraded shares of National General from a “c” rating to a “b” rating in a research report on Tuesday, November 21st. Zacks Investment Research downgraded shares of National General from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Finally, BidaskClub raised shares of National General from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $26.00.
In related news, Director John Drake Nichols bought 24,500 shares of the company’s stock in a transaction on Monday, November 27th. The shares were purchased at an average cost 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 in the company, valued at $501,025. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 3.43% of the stock is currently owned by insiders.
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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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