National General Holdings Corp. (NASDAQ:NGHC) General Counsel Jeffrey Weissmann sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $22.78, for a total value of $410,040.00. Following the completion of the sale, the general counsel now owns 34,053 shares of the company’s stock, valued at approximately $775,727.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

National General Holdings Corp. (NASDAQ:NGHC) opened at 22.50 on Monday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 18.61 and a beta of 1.27. National General Holdings Corp. has a one year low of $18.04 and a one year high of $23.59. The company’s 50-day moving average price is $21.66 and its 200-day moving average price is $21.59.

National General Holdings Corp. (NASDAQ:NGHC) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.07. National General Holdings Corp. had a net margin of 4.36% and a return on equity of 12.60%. The business had revenue of $857.38 million for the quarter, compared to analyst estimates of $846.07 million. During the same quarter last year, the business earned $0.43 EPS. National General Holdings Corp.’s revenue for the quarter was up 56.2% compared to the same quarter last year. On average, analysts anticipate that National General Holdings Corp. will post $1.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.71%. National General Holdings Corp.’s dividend payout ratio (DPR) is presently 13.11%.

A number of large investors have recently modified their holdings of the stock. Northpointe Capital LLC increased its position in National General Holdings Corp. by 15.7% in the second quarter. Northpointe Capital LLC now owns 623,952 shares of the company’s stock worth $13,365,000 after buying an additional 84,504 shares in the last quarter. Royal Bank of Canada increased its position in National General Holdings Corp. by 22.9% in the first quarter. Royal Bank of Canada now owns 3,661,930 shares of the company’s stock worth $79,061,000 after buying an additional 683,518 shares in the last quarter. Prudential Financial Inc. increased its position in 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. Panagora Asset Management Inc. increased its position in National General Holdings Corp. by 2.1% in the first quarter. Panagora Asset Management Inc. now owns 331,839 shares of the company’s stock worth $7,164,000 after buying an additional 6,772 shares in the last quarter. Finally, Elk Creek Partners LLC increased its position in National General Holdings Corp. by 11.5% in the second quarter. Elk Creek Partners LLC now owns 925,605 shares of the company’s stock worth $19,826,000 after buying an additional 95,617 shares in the last quarter. Hedge funds and other institutional investors own 42.18% of the company’s stock.

A number of research analysts have recently issued reports on NGHC shares. Zacks Investment Research raised National General Holdings Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Morgan Stanley lowered National General Holdings Corp. from an “overweight” rating to an “equal weight” rating and set a $23.00 target price on the stock. in a report on Friday. They noted that the move was a valuation call. Keefe, Bruyette & Woods boosted their target price on 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 reissued an “outperform” rating on shares of National General Holdings Corp. in a report on Saturday, September 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $26.00.

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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