BidaskClub upgraded shares of National General (NASDAQ:NGHC) from a sell rating to a hold rating in a report released on Wednesday morning.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded National General from a hold rating to a sell rating in a research report on Wednesday. TheStreet upgraded National General from a c rating to a b rating in a research report on Tuesday, November 21st. B. Riley restated a buy rating and set a $29.00 target price on shares of National General in a research report on Monday, November 6th. Keefe, Bruyette & Woods restated a buy rating on shares of National General in a research report on Friday, September 29th. Finally, FBR & Co restated a buy rating and set a $29.00 target price on shares of National General in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. National General presently has an average rating of Hold and an average price target of $26.40.

Shares of National General (NGHC) traded down $0.16 on Wednesday, reaching $20.58. The company’s stock had a trading volume of 156,754 shares, compared to its average volume of 231,603. National General has a 52-week low of $16.21 and a 52-week high of $26.99. The company has a market cap of $2,200.00, a P/E ratio of 20.14 and a beta of 1.33.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.78%. National General’s payout ratio is currently 16.49%.

In other news, Director John Drake Nichols bought 24,500 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was bought at an average price of $20.45 per share, for a total transaction of $501,025.00. Following the completion of the transaction, the director now directly owns 24,500 shares in the company, valued at approximately $501,025. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.43% of the company’s stock.

Several institutional investors have recently made changes to their positions in NGHC. Teachers Advisors LLC grew its stake in shares of National General by 2.5% during the first quarter. Teachers Advisors LLC now owns 81,998 shares of the insurance provider’s stock worth $1,948,000 after purchasing an additional 2,036 shares during the period. State Street Corp grew its stake in shares of National General by 0.6% during the first quarter. State Street Corp now owns 945,202 shares of the insurance provider’s stock worth $22,459,000 after purchasing an additional 6,103 shares during the period. Russell Investments Group Ltd. grew its stake in shares of National General by 8.8% during the second quarter. Russell Investments Group Ltd. now owns 38,503 shares of the insurance provider’s stock worth $812,000 after purchasing an additional 3,126 shares during the period. Sei Investments Co. grew its stake in shares of National General by 495.9% during the second quarter. Sei Investments Co. now owns 18,007 shares of the insurance provider’s stock worth $380,000 after purchasing an additional 14,985 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of National General by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 241,138 shares of the insurance provider’s stock worth $5,089,000 after purchasing an additional 12,235 shares during the period. 45.63% of the stock is owned by institutional investors and hedge funds.

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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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