National Security Group (NASDAQ:NSEC) Downgraded by ValuEngine

National Security Group (NASDAQ:NSEC) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

NASDAQ NSEC opened at $12.46 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50 day simple moving average is $11.42 and its 200 day simple moving average is $11.73. National Security Group has a 12 month low of $10.01 and a 12 month high of $14.75. The company has a market capitalization of $35.44 million, a P/E ratio of 20.59 and a beta of -0.06.

National Security Group (NASDAQ:NSEC) last released its earnings results on Tuesday, August 13th. The insurance provider reported ($0.23) EPS for the quarter. National Security Group had a return on equity of 3.53% and a net margin of 2.55%. The business had revenue of $16.21 million during the quarter.

In other National Security Group news, Director Fred Clark, Jr. bought 7,950 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average cost of $12.25 per share, for a total transaction of $97,387.50. Following the acquisition, the director now directly owns 70,624 shares of the company’s stock, valued at $865,144. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 8,300 shares of company stock worth $101,246 over the last quarter. Insiders own 38.18% of the company’s stock.

A hedge fund recently bought a new stake in National Security Group stock. RFG Advisory LLC bought a new position in National Security Group Inc (NASDAQ:NSEC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,318 shares of the insurance provider’s stock, valued at approximately $184,000. RFG Advisory LLC owned approximately 0.61% of National Security Group at the end of the most recent reporting period. Institutional investors own 2.99% of the company’s stock.

About National Security Group

The National Security Group, Inc, an insurance holding company, provides insurance products and services in the United States. The company operates in two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance services in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

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