Zacks Investment Research lowered shares of National General Holdings Corp. (NASDAQ:NGHC) from a buy rating to a sell rating in a research report sent to investors on Wednesday morning.

According to Zacks, “National General Holdings Corp. is a specialty personal lines insurance holding company. The Company, through its subsidiaries, provides personal and commercial automobile insurance, recreational vehicle and motorcycle insurance, supplemental health insurance products and other niche insurance products. It operates in two segments, Property and Casualty and Accident and Health. The Property and Casualty segment offers standard and preferred automobile and sub-standard automobile insurance policies; Recreational vehicle insurance policies; commercial automobile insurance policies; and motorcycle insurance policies for various types of motorcycles, as well as golf carts and all-terrain vehicles. The Accident and Health segment provides accident and non-major medical health insurance products. National General Holdings Corp. is headquartered in New York. “

Several other research analysts have also recently issued reports on NGHC. Keefe, Bruyette & Woods upped 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. William Blair reiterated an outperform rating on shares of National General Holdings Corp. in a research report on Saturday, September 10th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $26.13.

Shares of National General Holdings Corp. (NASDAQ:NGHC) traded down 0.92% during mid-day trading on Wednesday, hitting $21.57. 62,542 shares of the stock traded hands. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 15.42 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. The firm’s 50 day moving average price is $22.16 and its 200 day moving average price is $21.61.

National General Holdings Corp. (NASDAQ:NGHC) last issued its earnings results on Monday, August 1st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 business earned $804.60 million during the quarter, compared to analysts’ expectations of $791.31 million. During the same quarter in the prior year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 41.3% on a year-over-year basis. On average, equities research analysts predict that National General Holdings Corp. will post $1.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 0.73%. This is an increase from National General Holdings Corp.’s previous quarterly dividend of $0.03. National General Holdings Corp.’s dividend payout ratio is presently 11.27%.

A number of institutional investors have recently made changes to their positions in NGHC. US Bancorp DE increased its position in shares of National General Holdings Corp. by 1.5% in the second quarter. US Bancorp DE now owns 5,664 shares of the company’s stock worth $122,000 after buying an additional 83 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of National General Holdings Corp. by 31.0% in the second quarter. Advisors Asset Management Inc. now owns 5,845 shares of the company’s stock worth $125,000 after buying an additional 1,384 shares during the last quarter. Legal & General Group Plc increased its position in shares of National General Holdings Corp. by 21.1% in the first quarter. Legal & General Group Plc now owns 6,128 shares of the company’s stock worth $131,000 after buying an additional 1,068 shares during the last quarter. BlackRock Inc. increased its position in shares of National General Holdings Corp. by 850.8% in the second quarter. BlackRock Inc. now owns 7,635 shares of the company’s stock worth $164,000 after buying an additional 6,832 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of National General Holdings Corp. by 43.3% in the second quarter. Teacher Retirement System of Texas now owns 8,359 shares of the company’s stock worth $179,000 after buying an additional 2,526 shares during the last quarter. Institutional investors own 41.80% of the company’s stock.

National General Holdings Corp. Company Profile

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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