National General Holdings Corp (NASDAQ:NGHC) – Analysts at B. Riley boosted their FY2018 EPS estimates for shares of National General in a research note issued on Thursday. B. Riley analyst R. Binner now expects that the insurance provider will post earnings per share of $2.20 for the year, up from their previous estimate of $2.00. B. Riley has a “Buy” rating and a $29.00 price objective on the stock.

National General (NASDAQ:NGHC) last released its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. National General had a return on equity of 7.30% and a net margin of 2.62%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 23.3% on a year-over-year basis.

A number of other research firms have also recently commented on NGHC. Zacks Investment Research raised National General from a “sell” rating to a “hold” rating in a research note on Saturday. BidaskClub raised National General from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. TheStreet raised National General from a “c” rating to a “b” rating in a research note on Tuesday, November 21st. Keefe, Bruyette & Woods reissued a “buy” rating on shares of National General in a research note on Friday, September 29th. Finally, FBR & Co reissued a “buy” rating and issued a $29.00 target price on shares of National General in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.40.

National General (NASDAQ:NGHC) traded up $0.10 during midday trading on Monday, hitting $19.66. The stock had a trading volume of 404,600 shares, compared to its average volume of 248,800. National General has a 52-week low of $16.21 and a 52-week high of $26.99. The stock has a market capitalization of $2,097.15, a PE ratio of 20.27 and a beta of 1.33.

Several institutional investors have recently added to or reduced their stakes in NGHC. Russell Investments Group Ltd. boosted its position in National General by 8.8% in the second quarter. Russell Investments Group Ltd. now owns 38,503 shares of the insurance provider’s stock worth $812,000 after purchasing an additional 3,126 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in National General by 5.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 241,138 shares of the insurance provider’s stock worth $5,089,000 after purchasing an additional 12,235 shares during the last quarter. First Trust Advisors LP boosted its position in National General by 26.0% in the second quarter. First Trust Advisors LP now owns 107,090 shares of the insurance provider’s stock worth $2,260,000 after purchasing an additional 22,109 shares during the last quarter. Rhumbline Advisers boosted its position in National General by 1.6% in the second quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after purchasing an additional 886 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in National General by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 309,649 shares of the insurance provider’s stock worth $6,534,000 after purchasing an additional 4,031 shares during the last quarter. 45.62% of the stock is currently owned by institutional investors.

In other National General news, Director John Drake Nichols acquired 24,500 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average cost of $20.45 per share, with a total value of $501,025.00. Following the completion of the transaction, the director now directly owns 24,500 shares of the company’s stock, valued at approximately $501,025. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.43% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Friday, December 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.81%. National General’s dividend payout ratio (DPR) is presently 16.49%.

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About National General

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.

Earnings History and Estimates for National General (NASDAQ:NGHC)

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