LSV Asset Management trimmed its position in shares of National General Holdings Corp (NASDAQ:NGHC) by 82.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,886 shares of the insurance provider’s stock after selling 155,100 shares during the quarter. LSV Asset Management’s holdings in National General were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Advisors LLC increased its position in shares of National General by 7.5% during the second quarter. Teachers Advisors LLC now owns 88,128 shares of the insurance provider’s stock valued at $1,860,000 after buying an additional 6,130 shares during the period. Northern Trust Corp increased its position in shares of National General by 43.6% in the second quarter. Northern Trust Corp now owns 1,000,324 shares of the insurance provider’s stock worth $21,107,000 after purchasing an additional 303,730 shares during the last quarter. Vanguard Group Inc. increased its position 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 purchasing an additional 67,585 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of National General by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,622,874 shares of the insurance provider’s stock worth $34,244,000 after purchasing an additional 177,415 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of National General by 18.7% in the second quarter. Voya Investment Management LLC now owns 22,728 shares of the insurance provider’s stock worth $480,000 after purchasing an additional 3,584 shares during the last quarter. 46.50% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on NGHC. B. Riley reaffirmed a “buy” rating and issued a $29.00 target price on shares of National General in a research note on Monday, November 6th. BidaskClub lowered National General from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded National General from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, TheStreet upgraded National General from a “c” rating to a “b” rating in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $26.00.
National General Holdings Corp (NASDAQ NGHC) traded down $0.34 during mid-day trading on Friday, hitting $20.02. The stock had a trading volume of 222,400 shares, compared to its average volume of 218,167. The stock has a market cap of $2,171.82, a PE ratio of 20.64 and a beta of 1.26. National General Holdings Corp has a 12-month low of $16.21 and a 12-month high of $26.99.
In other news, Director John Drake Nichols acquired 24,500 shares of National General stock in a transaction on Monday, November 27th. The shares were acquired at an average price of $20.45 per share, with a total value of $501,025.00. Following the purchase, the director now directly owns 24,500 shares in the company, valued at approximately $501,025. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.43% of the company’s stock.
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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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