Shares of National General Holdings Corp (NASDAQ:NGHC) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.00.

A number of analysts have recently issued reports on NGHC shares. BidaskClub raised shares of National General from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research lowered shares of National General from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Keefe, Bruyette & Woods lowered shares of National General from an “outperform” rating to a “market perform” rating and set a $27.00 target price for the company. in a research note on Monday, June 4th. ValuEngine lowered shares of National General from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, JMP Securities upped their price objective on shares of National General from $30.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Monday, June 11th.

In other National General news, COO Peter A. Rendall sold 6,195 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $27.75, for a total value of $171,911.25. Following the completion of the transaction, the chief operating officer now directly owns 17 shares in the company, valued at $471.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of National General by 13.7% during the second quarter. Northern Trust Corp now owns 1,062,423 shares of the insurance provider’s stock valued at $27,974,000 after acquiring an additional 127,984 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of National General by 8.6% during the second quarter. Bank of New York Mellon Corp now owns 345,330 shares of the insurance provider’s stock valued at $9,092,000 after acquiring an additional 27,390 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of National General by 1,330.1% during the second quarter. Advisors Asset Management Inc. now owns 221,100 shares of the insurance provider’s stock valued at $394,000 after acquiring an additional 205,640 shares in the last quarter. Millennium Management LLC acquired a new position in shares of National General during the second quarter valued at about $4,969,000. Finally, MetLife Investment Advisors LLC increased its holdings in shares of National General by 19.0% during the second quarter. MetLife Investment Advisors LLC now owns 28,508 shares of the insurance provider’s stock valued at $751,000 after acquiring an additional 4,545 shares in the last quarter. Hedge funds and other institutional investors own 48.41% of the company’s stock.

Shares of NGHC opened at $26.86 on Friday. The firm has a market cap of $2.84 billion, a PE ratio of 24.64 and a beta of 0.92. National General has a 12-month low of $17.86 and a 12-month high of $28.25.

National General (NASDAQ:NGHC) last issued its earnings results on Monday, August 6th. The insurance provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. National General had a net margin of 3.36% and a return on equity of 12.35%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. sell-side analysts predict that National General will post 2.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. National General’s dividend payout ratio is presently 14.68%.

National General Company Profile

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States. The company operates in two segments, Property and Casualty, and Accident and Health. The Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and 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.

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Analyst Recommendations for National General (NASDAQ:NGHC)

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