The Manufacturers Life Insurance Company raised its position in National General Holdings Corp (NASDAQ:NGHC) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,099 shares of the insurance provider’s stock after purchasing an additional 669 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in National General Holdings Corp were worth $845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NGHC. BNP Paribas Arbitrage SA grew its stake in National General Holdings Corp by 530.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock valued at $119,000 after purchasing an additional 4,765 shares in the last quarter. Pacad Investment Ltd. purchased a new position in National General Holdings Corp in the second quarter valued at about $143,000. Sciencast Management LP purchased a new position in National General Holdings Corp in the second quarter valued at about $211,000. Comerica Bank purchased a new position in National General Holdings Corp in the second quarter valued at about $217,000. Finally, Virtu KCG Holdings LLC purchased a new position in National General Holdings Corp in the second quarter valued at about $330,000. Hedge funds and other institutional investors own 45.56% of the company’s stock.

A number of brokerages have commented on NGHC. BidaskClub downgraded National General Holdings Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Morgan Stanley decreased their price target on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 10th. B. Riley reiterated a “buy” rating and set a $29.00 price target on shares of National General Holdings Corp in a research note on Monday, November 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $27.00 price target on shares of National General Holdings Corp in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.40.

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Shares of National General Holdings Corp (NASDAQ:NGHC) opened at $20.90 on Thursday. The stock has a market capitalization of $2,205.95, a PE ratio of 20.08 and a beta of 1.33. National General Holdings Corp has a 52 week low of $16.21 and a 52 week high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.11. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. National General Holdings Corp had a return on equity of 7.30% and a net margin of 2.62%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. equities analysts expect that National General Holdings Corp will post 0.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.77%. National General Holdings Corp’s dividend payout ratio (DPR) is presently 16.49%.

National General Holdings Corp Profile

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.

Institutional Ownership by Quarter for National General Holdings Corp (NASDAQ:NGHC)

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