National General (NASDAQ:NGHC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

NGHC has been the subject of several other reports. B. Riley reiterated a “buy” rating and issued a $29.00 target price on shares of National General in a research report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 target price on shares of National General in a research report on Tuesday, August 29th. FBR & Co reiterated a “buy” rating and issued a $29.00 target price on shares of National General in a research report on Monday, September 18th. Zacks Investment Research lowered shares of National General from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Morgan Stanley cut their target price on shares of National General from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.40.

National General (NGHC) opened at $20.98 on Wednesday. The company has a market cap of $2,240.00, a price-to-earnings ratio of 20.52 and a beta of 1.33. National General has a 1 year low of $16.21 and a 1 year high of $26.99.

National General (NASDAQ:NGHC) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. National General had a net margin of 2.62% and a return on equity of 7.30%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. analysts forecast that National General will post 0.98 EPS for the current year.

In related news, Director John Drake Nichols bought 24,500 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average cost of $20.45 per share, for a total transaction of $501,025.00. Following the completion of the transaction, the director now owns 24,500 shares of the company’s stock, valued at $501,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.43% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in National General by 1.6% in the second quarter. Vanguard Group Inc. now owns 4,185,920 shares of the insurance provider’s stock worth $88,323,000 after purchasing an additional 67,585 shares during the last quarter. Royal Bank of Canada lifted its stake in National General by 22.8% in the second quarter. Royal Bank of Canada now owns 3,769,979 shares of the insurance provider’s stock worth $79,546,000 after purchasing an additional 699,595 shares during the last quarter. Wells Fargo & Company MN lifted its stake in National General by 20.9% in the third quarter. Wells Fargo & Company MN now owns 2,581,523 shares of the insurance provider’s stock worth $49,332,000 after purchasing an additional 446,473 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in National General by 55.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,505,789 shares of the insurance provider’s stock worth $47,886,000 after purchasing an additional 893,802 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in National General by 12.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,825,586 shares of the insurance provider’s stock worth $34,886,000 after purchasing an additional 202,712 shares during the last quarter. 45.63% of the stock is owned by institutional investors and hedge funds.

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About National General

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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