Shares of National General Holdings Corp. (NASDAQ:NGHC) have been given an average recommendation of “Buy” by the six analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $25.25.
Several analysts have recently commented on NGHC shares. Zacks Investment Research downgraded shares of National General Holdings Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Keefe, Bruyette & Woods increased their target price on shares of National General Holdings Corp. from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Finally, William Blair reiterated an “outperform” rating on shares of National General Holdings Corp. in a report on Saturday, September 10th.
A number of institutional investors have recently bought and sold shares of NGHC. Prudential Financial Inc. raised its position in shares of National General Holdings Corp. by 665.0% in the first quarter. Prudential Financial Inc. now owns 93,410 shares of the company’s stock worth $2,017,000 after buying an additional 81,200 shares in the last quarter. Credit Agricole S A raised its position in National General Holdings Corp. by 1,244.8% in the first quarter. Credit Agricole S A now owns 390,000 shares of the company’s stock worth $8,420,000 after buying an additional 361,000 shares during the period. Zebra Capital Management LLC purchased a new position in National General Holdings Corp. during the first quarter worth approximately $2,226,000. Goldman Sachs Group Inc. raised its position in National General Holdings Corp. by 0.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,184,818 shares of the company’s stock worth $47,170,000 after buying an additional 14,987 shares during the period. Finally, Wellington Management Group LLP raised its position in National General Holdings Corp. by 1.5% in the first quarter. Wellington Management Group LLP now owns 401,190 shares of the company’s stock worth $8,662,000 after buying an additional 6,019 shares during the period. Institutional investors own 41.80% of the company’s stock.
Shares of National General Holdings Corp. (NASDAQ:NGHC) traded up 0.05% during mid-day trading on Monday, reaching $22.22. 77,608 shares of the company’s stock traded hands. The firm has a 50-day moving average of $22.15 and a 200 day moving average of $21.63. The company has a market cap of $2.35 billion, a P/E ratio of 15.88 and a beta of 1.22. National General Holdings Corp. has a 12-month low of $18.04 and a 12-month high of $23.12.
National General Holdings Corp. (NASDAQ:NGHC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. National General Holdings Corp. had a net margin of 5.28% and a return on equity of 14.14%. The firm had revenue of $804.60 million for the quarter, compared to the consensus estimate of $791.31 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue was up 41.3% on a year-over-year basis. Equities analysts forecast that National General Holdings Corp. will post $1.82 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.16 annualized dividend and a yield of 0.72%. This is a positive change from National General Holdings Corp.’s previous quarterly dividend of $0.03. National General Holdings Corp.’s dividend payout ratio is presently 11.27%.
About National General Holdings Corp.
National General Holdings Corp. is a 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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