BlackRock Inc. increased its holdings in National General Holdings Corp (NASDAQ:NGHC) by 4.1% in the 4th quarter, HoldingsChannel reports. The fund owned 4,413,801 shares of the insurance provider’s stock after purchasing an additional 174,090 shares during the period. BlackRock Inc.’s holdings in National General were worth $106,859,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in National General by 37.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,968 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 535 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in National General in the 4th quarter worth about $131,000. Quantamental Technologies LLC purchased a new stake in National General in the 4th quarter worth about $137,000. Stevens Capital Management LP purchased a new stake in National General in the 4th quarter worth about $262,000. Finally, First Quadrant L P CA lifted its stake in National General by 165.9% in the 4th quarter. First Quadrant L P CA now owns 16,257 shares of the insurance provider’s stock worth $394,000 after acquiring an additional 10,144 shares in the last quarter. 52.51% of the stock is owned by hedge funds and other institutional investors.

NGHC opened at $23.89 on Thursday. National General Holdings Corp has a fifty-two week low of $21.22 and a fifty-two week high of $28.89. The stock has a market cap of $2.70 billion, a PE ratio of 11.43 and a beta of 0.72.

National General (NASDAQ:NGHC) last posted its quarterly earnings results on Monday, February 25th. The insurance provider reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). National General had a return on equity of 15.88% and a net margin of 4.33%. During the same period in the previous year, the company earned $0.28 EPS. As a group, equities research analysts anticipate that National General Holdings Corp will post 2.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 29th. National General’s payout ratio is 7.66%.

A number of equities research analysts have recently weighed in on NGHC shares. Zacks Investment Research raised National General from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, December 6th. Goldman Sachs Group started coverage on National General in a research note on Tuesday, February 19th. They set a “neutral” rating and a $27.00 price target for the company. BidaskClub downgraded National General from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, B. Riley raised their price target on National General from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.57.

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

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