Credit Suisse AG reduced its position in National General Holdings Corp (NASDAQ:NGHC) by 26.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,165 shares of the insurance provider’s stock after selling 26,804 shares during the period. Credit Suisse AG’s holdings in National General Holdings Corp were worth $1,739,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NGHC. Boston Partners acquired a new position in National General Holdings Corp during the first quarter worth approximately $19,999,000. Wells Fargo & Company MN raised its position in shares of National General Holdings Corp by 14.6% in the first quarter. Wells Fargo & Company MN now owns 2,037,874 shares of the insurance provider’s stock valued at $48,420,000 after buying an additional 259,243 shares in the last quarter. RE Advisers Corp raised its position in shares of National General Holdings Corp by 25.7% in the first quarter. RE Advisers Corp now owns 1,248,549 shares of the insurance provider’s stock valued at $29,666,000 after buying an additional 255,249 shares in the last quarter. Thrivent Financial For Lutherans purchased a new position in shares of National General Holdings Corp during the first quarter valued at about $4,608,000. Finally, Vanguard Group Inc. raised its position in shares of National General Holdings Corp by 4.6% in the first quarter. Vanguard Group Inc. now owns 4,118,335 shares of the insurance provider’s stock valued at $97,851,000 after buying an additional 180,570 shares in the last quarter. 53.36% of the stock is owned by institutional investors.

National General Holdings Corp (NASDAQ NGHC) traded down 0.06% during trading on Friday, hitting $17.99. 507,131 shares of the stock were exchanged. The firm’s 50-day moving average is $20.77 and its 200 day moving average is $22.53. The firm has a market cap of $1.92 billion, a PE ratio of 24.31 and a beta of 1.25. National General Holdings Corp has a 52 week low of $17.95 and a 52 week high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last released its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the 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 quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 36.2% compared to the same quarter last year. Analysts expect that National General Holdings Corp will post $1.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Sunday, October 1st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

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A number of research firms have weighed in on NGHC. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 price objective on shares of National General Holdings Corp in a report on Tuesday, July 25th. TheStreet downgraded National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday. Morgan Stanley reduced their price objective on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday. ValuEngine downgraded National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, BidaskClub raised National General Holdings Corp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.67.

In other news, CEO Barry Karfunkel purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $18.25 per share, for a total transaction of $456,250.00. Following the completion of the acquisition, the chief executive officer now owns 110,073 shares in the company, valued at $2,008,832.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Peter A. Rendall sold 30,901 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $21.06, for a total transaction of $650,775.06. Following the transaction, the chief operating officer now owns 126 shares in the company, valued at $2,653.56. The disclosure for this sale can be found here. 3.43% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for National General Holdings Corp (NASDAQ:NGHC)

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