Shares of National General Holdings Corp. (NASDAQ:NGHC) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the company. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $25.25.

NGHC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of National General Holdings Corp. from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, September 28th. Keefe, Bruyette & Woods lifted their price objective on shares of National General Holdings Corp. from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Finally, William Blair reissued an “outperform” rating on shares of National General Holdings Corp. in a research report on Saturday, September 10th.

Shares of National General Holdings Corp. (NASDAQ:NGHC) traded up 0.05% during midday trading on Monday, reaching $22.22. The company had a trading volume of 77,608 shares. The company has a market capitalization of $2.35 billion, a P/E ratio of 15.88 and a beta of 1.22. The firm’s 50 day moving average price is $22.15 and its 200-day moving average price is $21.63. 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 posted its quarterly earnings results on Monday, August 1st. The company reported $0.41 earnings per share (EPS) 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 earned $804.60 million during the quarter, compared to analyst estimates of $791.31 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 41.3% compared to the same quarter last year. Analysts anticipate that National General Holdings Corp. will post $1.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be issued a dividend of $0.04 per share. This is an increase from National General Holdings Corp.’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. National General Holdings Corp.’s payout ratio is presently 11.27%.

Several hedge funds have recently made changes to their positions in the company. Northpointe Capital LLC increased its stake in shares of National General Holdings Corp. by 15.7% in the second quarter. Northpointe Capital LLC now owns 623,952 shares of the company’s stock valued at $13,365,000 after buying an additional 84,504 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of National General Holdings Corp. during the second quarter valued at approximately $345,000. Strs Ohio increased its stake in shares of National General Holdings Corp. by 10.7% in the second quarter. Strs Ohio now owns 41,500 shares of the company’s stock valued at $888,000 after buying an additional 4,000 shares during the last quarter. Pembroke Management LTD increased its stake in shares of National General Holdings Corp. by 8.9% in the second quarter. Pembroke Management LTD now owns 1,067,400 shares of the company’s stock valued at $22,863,000 after buying an additional 87,300 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of National General Holdings Corp. during the second quarter valued at approximately $493,000. 41.80% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:NGHC

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