National General Holdings Corp (NGHC) Shares Bought by MetLife Investment Advisors LLC
MetLife Investment Advisors LLC increased its stake in National General Holdings Corp (NASDAQ:NGHC) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,508 shares of the insurance provider’s stock after purchasing an additional 4,545 shares during the period. MetLife Investment Advisors LLC’s holdings in National General were worth $751,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of National General in the first quarter worth approximately $214,000. Sei Investments Co. boosted its stake in National General by 6.1% in the second quarter. Sei Investments Co. now owns 48,237 shares of the insurance provider’s stock worth $1,270,000 after buying an additional 2,754 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in National General in the second quarter worth approximately $102,000. Strs Ohio purchased a new stake in National General in the second quarter worth approximately $468,000. Finally, Russell Investments Group Ltd. boosted its stake in National General by 21.4% in the second quarter. Russell Investments Group Ltd. now owns 459,147 shares of the insurance provider’s stock worth $12,095,000 after buying an additional 80,961 shares in the last quarter. Institutional investors own 48.41% of the company’s stock.
NGHC has been the subject of several research reports. Morgan Stanley upped their target price on National General from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 14th. Keefe, Bruyette & Woods lowered 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. BidaskClub lowered National General from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 12th. Zacks Investment Research lowered National General from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, ValuEngine lowered National General from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.00.
Shares of NGHC opened at $26.58 on Friday. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 24.43 and a beta of 0.92. National General Holdings Corp has a 1 year low of $18.22 and a 1 year 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, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. National General had a return on equity of 12.35% and a net margin of 3.36%. National General’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. equities analysts expect that National General Holdings Corp will post 2.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, September 28th. National General’s dividend payout ratio (DPR) is presently 14.68%.
About National General
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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