Virginia Retirement Systems ET AL lessened its stake in National General Holdings Corp (NASDAQ:NGHC) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,000 shares of the insurance provider’s stock after selling 2,900 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.07% of National General worth $1,395,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. raised its position in shares of National General by 55.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,505,789 shares of the insurance provider’s stock valued at $47,886,000 after acquiring an additional 893,802 shares in the last quarter. Royal Bank of Canada increased its position in National General 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 period. Northern Trust Corp increased its position in National General by 43.6% in the second quarter. Northern Trust Corp now owns 1,000,324 shares of the insurance provider’s stock worth $21,107,000 after buying an additional 303,730 shares during the period. Dimensional Fund Advisors LP increased its position in National General 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 period. Finally, Schroder Investment Management Group increased its position in National General by 13.6% in the second quarter. Schroder Investment Management Group now owns 1,185,931 shares of the insurance provider’s stock worth $25,343,000 after buying an additional 141,635 shares during the period. Institutional investors own 45.63% of the company’s stock.

National General Holdings Corp (NGHC) opened at $20.82 on Thursday. National General Holdings Corp has a fifty-two week low of $16.21 and a fifty-two week high of $26.99. The company has a market capitalization of $2,237.95, a price-to-earnings ratio of 20.37 and a beta of 1.33.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, December 29th. This represents a $0.16 annualized dividend and a yield of 0.77%. National General’s dividend payout ratio is currently 16.49%.

In other news, Director John Drake Nichols bought 24,500 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average price of $20.45 per share, with a total value of $501,025.00. Following the completion of the purchase, the director now directly owns 24,500 shares of the company’s stock, valued at approximately $501,025. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.43% of the company’s stock.

NGHC has been the topic of several analyst reports. TheStreet raised National General from a “c” rating to a “b” rating in a research report on Tuesday, November 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of National General in a research report on Friday, September 29th. FBR & Co reaffirmed a “buy” rating and issued a $29.00 target price on shares of National General in a research report on Monday, September 18th. B. Riley reissued a “buy” rating and set a $29.00 price target on shares of National General in a report on Monday, November 6th. Finally, Morgan Stanley lowered their price target on National General from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.40.

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National General Company 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.

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

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