Boston Partners increased its stake in shares of National General Holdings Corp (NASDAQ:NGHC) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 858,615 shares of the insurance provider’s stock after buying an additional 16,916 shares during the period. Boston Partners’ holdings in National General Holdings Corp were worth $18,117,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Nomura Holdings Inc. bought a new position in shares of National General Holdings Corp during the first quarter valued at approximately $310,000. BW Gestao de Investimentos Ltda. raised its position in shares of National General Holdings Corp by 17.1% in the first quarter. BW Gestao de Investimentos Ltda. now owns 15,350 shares of the insurance provider’s stock valued at $365,000 after buying an additional 2,245 shares in the last quarter. Legal & General Group Plc raised its position in shares of National General Holdings Corp by 15.2% in the first quarter. Legal & General Group Plc now owns 16,545 shares of the insurance provider’s stock valued at $393,000 after buying an additional 2,188 shares in the last quarter. AGF Investments Inc. bought a new position in shares of National General Holdings Corp during the first quarter valued at approximately $403,000. Finally, Sei Investments Co. raised its position in shares of National General Holdings Corp by 495.9% in the second quarter. Sei Investments Co. now owns 18,007 shares of the insurance provider’s stock valued at $380,000 after buying an additional 14,985 shares in the last quarter. Institutional investors own 53.21% of the company’s stock.

National General Holdings Corp (NASDAQ NGHC) opened at 18.185 on Wednesday. The firm has a 50-day moving average of $20.60 and a 200 day moving average of $22.41. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.574 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 posted its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.11 earnings per share (EPS) 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $966.51 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. National General Holdings Corp’s revenue for the quarter was up 36.2% compared to the same quarter last year. On average, analysts anticipate that National General Holdings Corp will post $1.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Sunday, October 1st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.88%. National General Holdings Corp’s dividend payout ratio is presently 22.22%.

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Several brokerages have commented on NGHC. BidaskClub lowered shares of National General Holdings Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Morgan Stanley dropped their price target on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. TheStreet lowered shares of National General Holdings Corp from a “b-” rating to a “c” rating in a research note on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 price target on shares of National General Holdings Corp in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned 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.

In other National General Holdings Corp news, COO Peter A. Rendall sold 30,901 shares of National General Holdings Corp stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $21.06, for a total transaction of $650,775.06. Following the sale, the chief operating officer now directly owns 126 shares in the company, valued at approximately $2,653.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter A. Rendall sold 32,659 shares of National General Holdings Corp stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $22.05, for a total value of $720,130.95. Following the sale, the chief operating officer now owns 63,686 shares in the company, valued at $1,404,276.30. The disclosure for this sale can be found here. 3.43% of the stock is owned by insiders.

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.

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

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