National General (NASDAQ:NGHC) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

NGHC has been the subject of a number of other reports. ValuEngine raised shares of National General from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of National General from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. Morgan Stanley increased their price target on shares of National General from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, August 14th. JMP Securities increased their price target on shares of National General from $30.00 to $32.00 and gave the company a “market outperform” rating in a report on Monday, June 11th. Finally, Keefe, Bruyette & Woods downgraded shares of National General from an “outperform” rating to a “market perform” rating and set a $27.00 price target for the company. in a report on Monday, June 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. National General presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Shares of National General stock opened at $27.38 on Wednesday. National General has a fifty-two week low of $16.21 and a fifty-two week high of $28.25. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 25.12 and a beta of 0.95.

National General (NASDAQ:NGHC) last issued its quarterly earnings results on Monday, August 6th. The insurance provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. National General had a net margin of 3.36% and a return on equity of 12.35%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $0.11 EPS. The business’s revenue was down .5% on a year-over-year basis. equities research analysts predict that National General will post 2.27 earnings per share for the current year.

In other news, COO Peter A. Rendall sold 6,195 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $27.75, for a total transaction of $171,911.25. Following the completion of the transaction, the chief operating officer now directly owns 17 shares of the company’s stock, valued at approximately $471.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in NGHC. Comerica Bank lifted its holdings in shares of National General by 30.6% during the 1st quarter. Comerica Bank now owns 19,731 shares of the insurance provider’s stock worth $503,000 after acquiring an additional 4,627 shares during the period. Monarch Partners Asset Management LLC lifted its holdings in shares of National General by 1.8% during the 1st quarter. Monarch Partners Asset Management LLC now owns 129,618 shares of the insurance provider’s stock worth $3,151,000 after acquiring an additional 2,323 shares during the period. Boston Partners lifted its holdings in shares of National General by 4.5% during the 1st quarter. Boston Partners now owns 1,810,598 shares of the insurance provider’s stock worth $44,016,000 after acquiring an additional 78,422 shares during the period. Prudential Financial Inc. lifted its holdings in shares of National General by 15.2% during the 1st quarter. Prudential Financial Inc. now owns 653,496 shares of the insurance provider’s stock worth $15,887,000 after acquiring an additional 86,063 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of National General by 4.6% during the 1st quarter. Swiss National Bank now owns 92,822 shares of the insurance provider’s stock worth $2,257,000 after acquiring an additional 4,100 shares during the period. 51.52% of the stock is owned by institutional investors.

National General Company Profile

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States. The company operates in two segments, Property and Casualty, and Accident and Health. The Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

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