National General Holdings Corp (NGHC) Given Average Rating of “Hold” by Brokerages

Shares of National General Holdings Corp (NASDAQ:NGHC) have earned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $30.00.

Several equities research analysts have recently weighed in on NGHC shares. BidaskClub downgraded shares of National General from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 12th. Morgan Stanley upped their price target on shares of National General from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 14th. JMP Securities upped their price target on shares of National General from $30.00 to $32.00 and gave the stock a “market outperform” rating in a report on Monday, June 11th. ValuEngine cut shares of National General from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Keefe, Bruyette & Woods cut shares of National General from an “outperform” rating to a “market perform” rating and set a $27.00 price target on the stock. in a report on Monday, June 4th.

In other National General news, COO Peter A. Rendall sold 6,195 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $27.75, for a total transaction of $171,911.25. Following the transaction, the chief operating officer now directly owns 17 shares in the company, valued at approximately $471.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new position in shares of National General in the 1st quarter valued at approximately $214,000. Meeder Asset Management Inc. purchased a new position in National General during the 2nd quarter worth approximately $102,000. Sei Investments Co. raised its position in National General by 6.1% during the 2nd quarter. Sei Investments Co. now owns 48,237 shares of the insurance provider’s stock worth $1,270,000 after buying an additional 2,754 shares during the last quarter. Strs Ohio purchased a new position in National General during the 2nd quarter worth approximately $468,000. Finally, Swiss National Bank raised its position in National General by 20.1% during the 2nd quarter. Swiss National Bank now owns 111,522 shares of the insurance provider’s stock worth $2,936,000 after buying an additional 18,700 shares during the last quarter. Institutional investors own 48.41% of the company’s stock.

Shares of NGHC stock traded up $0.36 during mid-day trading on Friday, hitting $26.23. The company had a trading volume of 429,388 shares, compared to its average volume of 121,770. National General has a 52-week low of $17.78 and a 52-week high of $28.25. The company has a market capitalization of $2.81 billion, a PE ratio of 24.06 and a beta of 0.92.

National General (NASDAQ:NGHC) last released its earnings results on Monday, August 6th. The insurance provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. National General had a net margin of 3.36% and a return on equity of 12.35%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. equities analysts expect that National General will post 2.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, September 28th. National General’s payout ratio is 14.68%.

About National General

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States. The company operates in two segments, Property and Casualty, and Accident and Health. The Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

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Analyst Recommendations for National General (NASDAQ:NGHC)

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