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

NGHC has been the subject of a number of other research reports. Zacks Investment Research cut National General from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. BidaskClub cut National General from a “sell” rating to a “strong sell” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.17.

Shares of National General stock traded down $0.35 on Thursday, reaching $21.37. The company had a trading volume of 154,100 shares, compared to its average volume of 241,486. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 10.22 and a beta of 0.60. The firm’s 50-day moving average price is $22.32 and its two-hundred day moving average price is $23.33. National General has a 1 year low of $20.36 and a 1 year high of $27.47.

National General (NASDAQ:NGHC) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.06). The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. National General had a return on equity of 15.70% and a net margin of 5.34%. National General’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Equities analysts expect that National General will post 2.65 EPS for the current fiscal year.

In related news, COO Peter A. Rendall sold 9,858 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $21.77, for a total transaction of $214,608.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Hal Weiner sold 5,111 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $22.08, for a total value of $112,850.88. Following the sale, the chief financial officer now directly owns 82,746 shares of the company’s stock, valued at $1,827,031.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,189 shares of company stock valued at $572,535. Company insiders own 3.38% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. NumerixS Investment Technologies Inc bought a new stake in shares of National General during the 2nd quarter worth approximately $64,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of National General by 47.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the insurance provider’s stock worth $117,000 after acquiring an additional 1,651 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of National General by 10.9% during the 3rd quarter. SG Americas Securities LLC now owns 5,138 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 504 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of National General during the 2nd quarter worth approximately $220,000. Finally, Janus Henderson Group PLC bought a new stake in shares of National General during the 2nd quarter worth approximately $228,000. 52.32% of the stock is owned by hedge funds and other institutional investors.

About National General

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States, Bermuda, Luxembourg, and Sweden. The company's 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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Analyst Recommendations for National General (NASDAQ:NGHC)

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