National General Holdings Corp (NASDAQ:NGHC) CEO Barry Karfunkel acquired 25,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were bought 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 of the company’s stock, valued at $2,008,832.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

National General Holdings Corp (NASDAQ:NGHC) traded down 2.782% during trading on Thursday, reaching $17.995. 1,102,636 shares of the company’s stock traded hands. The stock has a market cap of $1.92 billion, a P/E ratio of 24.318 and a beta of 1.25. The firm’s 50 day moving average price is $20.98 and its 200-day moving average price is $22.61. National General Holdings Corp has a one year low of $17.95 and a one year high of $26.99.

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 7.83% and a net margin of 2.13%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $966.51 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 36.2% compared to the same quarter last year. On average, equities analysts anticipate that National General Holdings Corp will post $1.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Sunday, October 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

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Several institutional investors have recently bought and sold shares of the company. Capital Fund Management S.A. boosted its position in National General Holdings Corp by 86.9% in the second quarter. Capital Fund Management S.A. now owns 40,000 shares of the insurance provider’s stock worth $844,000 after buying an additional 18,600 shares during the period. Martingale Asset Management L P boosted its position in National General Holdings Corp by 1.5% in the second quarter. Martingale Asset Management L P now owns 235,766 shares of the insurance provider’s stock worth $4,975,000 after buying an additional 3,396 shares during the period. Wells Fargo & Company MN boosted its position in National General Holdings Corp by 4.8% in the second quarter. Wells Fargo & Company MN now owns 2,135,050 shares of the insurance provider’s stock worth $45,049,000 after buying an additional 97,176 shares during the period. Schroder Investment Management Group boosted its position in National General Holdings Corp by 13.6% in the second quarter. Schroder Investment Management Group now owns 1,185,931 shares of the insurance provider’s stock worth $25,343,000 after buying an additional 141,635 shares during the period. Finally, LSV Asset Management boosted its position in National General Holdings Corp by 60.1% in the second quarter. LSV Asset Management now owns 187,986 shares of the insurance provider’s stock worth $3,966,000 after buying an additional 70,600 shares during the period. 53.36% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. 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 Wednesday, June 21st. BidaskClub raised shares of National General Holdings Corp from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 price objective on the stock in a report on Thursday, July 20th. Finally, TheStreet downgraded shares of National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday. One investment 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. National General Holdings Corp currently has an average rating of “Hold” and a consensus price target of $24.67.

National General Holdings Corp Company Profile

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.

Insider Buying and Selling by Quarter for National General Holdings Corp (NASDAQ:NGHC)

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