National General Holdings Corp. (NASDAQ:NGHC) Receives $30.25 Consensus Price Target from Brokerages


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National General Holdings Corp. (NASDAQ:NGHC) has earned an average rating of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $30.25.

Several brokerages recently issued reports on NGHC. BidaskClub raised shares of National General from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 16th. ValuEngine downgraded shares of National General from a “sell” rating to a “strong sell” rating in a research note on Monday, November 23rd. Finally, Zacks Investment Research downgraded shares of National General from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th.

Shares of NASDAQ NGHC remained flat at $$34.18 on Friday. National General has a 12-month low of $11.82 and a 12-month high of $34.48. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 8.76 and a beta of 0.91. The business has a fifty day moving average price of $34.14 and a two-hundred day moving average price of $33.30.

National General (NASDAQ:NGHC) last announced its quarterly earnings results on Thursday, October 29th. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.14. National General had a net margin of 8.70% and a return on equity of 19.94%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts forecast that National General will post 3.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Friday, January 1st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, December 30th. National General’s dividend payout ratio (DPR) is 7.27%.

In related news, General Counsel Jeffrey Weissmann sold 55,892 shares of the company’s stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $34.09, for a total transaction of $1,905,358.28. Corporate insiders own 3.45% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NGHC. Macquarie Group Ltd. acquired a new stake in National General in the second quarter valued at approximately $72,000. Nisa Investment Advisors LLC raised its holdings in National General by 150.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 1,800 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in National General by 36.1% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,555 shares of the insurance provider’s stock worth $228,000 after purchasing an additional 2,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in National General by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,333 shares of the insurance provider’s stock worth $247,000 after purchasing an additional 901 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of National General in the 3rd quarter valued at about $255,000. 46.91% of the stock is owned by institutional investors.

About National General

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States, Bermuda, Luxembourg, and Sweden. The company's Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage; and homeowners insurance products consisting of property and liability coverages for one-and two-family, and owner-occupied residences; and additional personal umbrella coverage to the homeowners.

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