Keefe, Bruyette & Woods reaffirmed their buy rating on shares of National General Holdings Corp (NASDAQ:NGHC) in a research report released on Tuesday morning. They currently have a $27.00 target price on the insurance provider’s stock.

NGHC has been the subject of several other research reports. ValuEngine downgraded shares of National General Holdings Corp from a buy rating to a hold rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of National General Holdings Corp from a strong sell rating to a hold rating and set a $24.00 price target for the company in a research report on Thursday, July 20th. BidaskClub upgraded shares of National General Holdings Corp from a strong sell rating to a sell rating in a research report on Friday, June 30th. Morgan Stanley reduced their price target on shares of National General Holdings Corp from $25.00 to $23.00 and set an equal weight rating for the company in a research report on Thursday, August 10th. Finally, TheStreet downgraded shares of National General Holdings Corp from a b- rating to a c rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. National General Holdings Corp presently has a consensus rating of Hold and an average target price of $24.67.

Shares of National General Holdings Corp (NASDAQ:NGHC) traded down 1.28% on Tuesday, hitting $16.95. The company had a trading volume of 328,425 shares. The stock has a market cap of $1.81 billion, a PE ratio of 22.91 and a beta of 1.30. The company has a 50-day moving average of $19.43 and a 200 day moving average of $21.80. National General Holdings Corp has a 12 month low of $16.83 and a 12 month high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last issued its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.28. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $966.51 million. National General Holdings Corp had a net margin of 2.13% and a return on equity of 7.80%. The firm’s revenue was up 36.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Analysts anticipate that National General Holdings Corp will post $1.37 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Sunday, October 1st will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.94%. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

In other news, CEO Barry Karfunkel purchased 25,000 shares of National General Holdings Corp stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $18.25 per share, for a total transaction of $456,250.00. Following the transaction, the chief executive officer now owns 110,073 shares in the company, valued at $2,008,832.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Peter A. Rendall sold 32,659 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $22.05, for a total transaction of $720,130.95. Following the completion of the sale, the chief operating officer now owns 63,686 shares of the company’s stock, valued at approximately $1,404,276.30. The disclosure for this sale can be found here. 3.43% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in National General Holdings Corp by 1.6% in the second quarter. Vanguard Group Inc. now owns 4,185,920 shares of the insurance provider’s stock worth $88,323,000 after buying an additional 67,585 shares during the last quarter. Royal Bank of Canada increased its stake in National General Holdings Corp by 22.8% in the second quarter. Royal Bank of Canada now owns 3,769,979 shares of the insurance provider’s stock worth $79,546,000 after buying an additional 699,595 shares during the last quarter. Wells Fargo & Company MN increased its stake in National General Holdings Corp by 4.8% in the second quarter. Wells Fargo & Company MN now owns 2,135,050 shares of the insurance provider’s stock worth $45,049,000 after buying an additional 97,176 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in National General Holdings Corp by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,622,874 shares of the insurance provider’s stock worth $34,244,000 after buying an additional 177,415 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in National General Holdings Corp by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 1,358,467 shares of the insurance provider’s stock worth $32,267,000 after buying an additional 32,314 shares during the last quarter. Institutional investors own 45.97% of the company’s stock.

About National General Holdings Corp

National General Holdings Corp. is a specialty 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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