National General Holdings (NASDAQ:NGHC) hit a new 52-week high and low on Friday . The stock traded as low as $25.94 and last traded at $25.43, with a volume of 97137 shares traded. The stock had previously closed at $25.51.
Several equities research analysts have weighed in on the company. ValuEngine cut National General from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. BidaskClub upgraded National General from a “strong sell” rating to a “sell” rating in a report on Thursday, March 22nd. B. Riley upped their target price on National General from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, March 21st. Mizuho upped their target price on National General from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, March 21st. Finally, Morgan Stanley upped their target price on National General from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. National General presently has an average rating of “Hold” and a consensus price target of $27.50.
The company has a market capitalization of $2,649.74, a price-to-earnings ratio of 23.40 and a beta of 0.93.
National General (NASDAQ:NGHC) last issued its quarterly earnings data on Monday, February 26th. The insurance provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. National General had a return on equity of 7.10% and a net margin of 1.67%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. equities research analysts anticipate that National General Holdings will post 2.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Monday, April 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, March 29th. National General’s dividend payout ratio (DPR) is currently 14.68%.
In related news, EVP Thomas Newgarden sold 5,084 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $24.26, for a total transaction of $123,337.84. Following the completion of the sale, the executive vice president now directly owns 4,766 shares in the company, valued at approximately $115,623.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter A. Rendall sold 6,637 shares of the company’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $24.31, for a total value of $161,345.47. Following the sale, the chief operating officer now owns 17 shares of the company’s stock, valued at $413.27. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of National General during the 3rd quarter worth $134,000. US Bancorp DE increased its position in National General by 80.3% during the 4th quarter. US Bancorp DE now owns 12,332 shares of the insurance provider’s stock valued at $242,000 after buying an additional 5,492 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in National General during the 4th quarter valued at about $361,000. Legal & General Group Plc increased its position in National General by 34.6% during the 3rd quarter. Legal & General Group Plc now owns 22,746 shares of the insurance provider’s stock valued at $433,000 after buying an additional 5,849 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in National General during the 4th quarter valued at about $471,000. Hedge funds and other institutional investors own 46.87% of the company’s stock.
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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