PNC Financial Services Group Inc. lessened its position in shares of National General Holdings Corp (NASDAQ:NGHC) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,325,689 shares of the insurance provider’s stock after selling 93,462 shares during the quarter. PNC Financial Services Group Inc. owned about 2.18% of National General Holdings Corp worth $49,072,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of National General Holdings Corp by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock worth $357,000 after acquiring an additional 352 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of National General Holdings Corp by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock worth $826,000 after acquiring an additional 462 shares in the last quarter. Rhumbline Advisers raised its stake in shares of National General Holdings Corp by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after acquiring an additional 886 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of National General Holdings Corp by 4.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 22,470 shares of the insurance provider’s stock worth $474,000 after acquiring an additional 1,054 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of National General Holdings Corp by 1.7% during the 2nd quarter. Victory Capital Management Inc. now owns 114,850 shares of the insurance provider’s stock worth $2,423,000 after acquiring an additional 1,958 shares in the last quarter. Hedge funds and other institutional investors own 45.92% of the company’s stock.

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In related news, CEO Barry Karfunkel acquired 25,000 shares of National General Holdings Corp stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $18.25 per share, for a total transaction of $456,250.00. Following the transaction, the chief executive officer now owns 110,073 shares of the company’s stock, valued at $2,008,832.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Peter A. Rendall sold 30,901 shares of the business’s 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 owns 126 shares of the company’s stock, valued at approximately $2,653.56. The disclosure for this sale can be found here. 3.43% of the stock is owned by insiders.

Several research analysts recently commented on NGHC shares. BidaskClub lowered shares of National General Holdings Corp from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $27.00 price objective on shares of National General Holdings Corp in a research note on Tuesday, August 29th. TheStreet lowered shares of National General Holdings Corp from a “b-” rating to a “c” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 price objective for the company in a research note on Thursday, July 20th. Finally, ValuEngine lowered shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.67.

Shares of National General Holdings Corp (NASDAQ:NGHC) traded down 0.40% on Monday, reaching $17.62. 6,277 shares of the company’s stock were exchanged. National General Holdings Corp has a one year low of $16.21 and a one year high of $26.99. The firm has a 50 day moving average of $18.31 and a 200 day moving average of $21.28. The firm has a market capitalization of $1.88 billion, a P/E ratio of 23.81 and a beta of 1.28.

National General Holdings Corp (NASDAQ:NGHC) last issued its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $966.51 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s revenue was up 36.2% compared to the same quarter last year. On average, equities research analysts predict that National General Holdings Corp will post $1.28 EPS for the current 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 paid a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.90%. National General Holdings Corp’s dividend payout ratio is currently 22.22%.

National General Holdings Corp 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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