National General Holdings Corp (NASDAQ:NGHC) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $26.00.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised National General Holdings Corp from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of National General Holdings Corp in a research note on Friday, September 29th. FBR & Co reaffirmed a “buy” rating and set a $29.00 price target on shares of National General Holdings Corp in a research note on Monday, September 18th. Morgan Stanley cut their price target on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 10th. Finally, TheStreet downgraded National General Holdings Corp from a “b-” rating to a “c” rating in a research note on Tuesday, August 8th.

In related news, CEO Barry Karfunkel acquired 25,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $18.25 per share, with a total value of $456,250.00. Following the acquisition, the chief executive officer now owns 110,073 shares in the company, valued at approximately $2,008,832.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.43% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners increased its holdings in shares of National General Holdings Corp by 3.3% during the 3rd quarter. Boston Partners now owns 887,375 shares of the insurance provider’s stock valued at $16,958,000 after acquiring an additional 28,760 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of National General Holdings Corp by 19.1% during the 3rd quarter. Prudential Financial Inc. now owns 416,380 shares of the insurance provider’s stock valued at $7,957,000 after acquiring an additional 66,740 shares during the last quarter. IndexIQ Advisors LLC increased its holdings in shares of National General Holdings Corp by 83.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 36,480 shares of the insurance provider’s stock valued at $697,000 after acquiring an additional 16,559 shares during the last quarter. Monarch Partners Asset Management LLC increased its holdings in shares of National General Holdings Corp by 22.1% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 125,525 shares of the insurance provider’s stock valued at $2,399,000 after acquiring an additional 22,754 shares during the last quarter. Finally, First Quadrant L P CA increased its holdings in shares of National General Holdings Corp by 118.8% during the 3rd quarter. First Quadrant L P CA now owns 9,850 shares of the insurance provider’s stock valued at $188,000 after acquiring an additional 5,348 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.

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Shares of National General Holdings Corp (NGHC) traded down $0.01 during trading hours on Thursday, hitting $20.41. 177,277 shares of the stock traded hands, compared to its average volume of 220,813. National General Holdings Corp has a 52-week low of $16.21 and a 52-week high of $26.99. The company has a market capitalization of $2,176.62, a P/E ratio of 18.55 and a beta of 1.33.

National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.28). National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $966.51 million. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 36.2% on a year-over-year basis. equities research analysts forecast that National General Holdings Corp will post 1.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Sunday, October 1st were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, September 28th. National General Holdings Corp’s dividend payout ratio is 22.22%.

About National General Holdings Corp

National General Holdings Corp. is a specialty personal lines insurance holding company. Through its subsidiaries, the Company provides a range of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, supplemental health, lender-placed and other niche products.

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