National General Holdings Corp (NASDAQ:NGHC) – Research analysts at B. Riley upped their FY2018 earnings estimates for National General in a report issued on Monday, November 12th. B. Riley analyst R. Binner now expects that the insurance provider will post earnings of $2.39 per share for the year, up from their previous forecast of $2.00.

National General (NASDAQ:NGHC) last issued its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.25. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. National General had a return on equity of 15.64% and a net margin of 3.63%. National General’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share.

A number of other research analysts also recently commented on NGHC. ValuEngine downgraded National General from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Morgan Stanley increased their price target on National General from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, August 14th. BidaskClub downgraded National General from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. Finally, Zacks Investment Research upgraded National General from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $30.17.

Shares of NGHC opened at $25.87 on Thursday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 23.70 and a beta of 0.76. National General has a one year low of $18.22 and a one year high of $28.89.

A number of hedge funds and other institutional investors have recently made changes to their positions in NGHC. BlackRock Inc. raised its stake in National General by 23.2% during the second quarter. BlackRock Inc. now owns 4,208,155 shares of the insurance provider’s stock valued at $110,801,000 after buying an additional 793,507 shares in the last quarter. Wells Fargo & Company MN raised its stake in National General by 27.4% during the second quarter. Wells Fargo & Company MN now owns 3,390,890 shares of the insurance provider’s stock valued at $89,281,000 after buying an additional 728,985 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in National General by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,692,521 shares of the insurance provider’s stock valued at $70,895,000 after buying an additional 330,210 shares in the last quarter. Advisors Asset Management Inc. raised its stake in National General by 1,330.1% during the second quarter. Advisors Asset Management Inc. now owns 221,100 shares of the insurance provider’s stock valued at $394,000 after buying an additional 205,640 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in National General during the second quarter valued at approximately $4,969,000. Hedge funds and other institutional investors own 48.43% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Tuesday, January 1st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, December 28th. National General’s payout ratio is currently 14.68%.

About National General

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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Earnings History and Estimates for National General (NASDAQ:NGHC)

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