National General Holdings Corp (NASDAQ:NGHC)‘s stock had its “buy” rating reaffirmed by Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday.

A number of other brokerages also recently commented on NGHC. BidaskClub raised shares of National General Holdings Corp from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research raised 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. TheStreet downgraded shares of National General Holdings Corp from a “b-” rating to a “c” rating in a research note on Tuesday, August 8th. Morgan Stanley reduced their price objective on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 10th. Finally, FBR & Co reissued a “buy” rating and issued a $29.00 price objective on shares of National General Holdings Corp in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.75.

National General Holdings Corp (NASDAQ NGHC) traded up 1.06% on Friday, reaching $19.11. The company had a trading volume of 353,343 shares. The stock’s 50-day moving average is $18.10 and its 200-day moving average is $21.13. The company has a market capitalization of $2.04 billion, a P/E ratio of 25.82 and a beta of 1.28. National General Holdings Corp has a 52 week low of $16.21 and a 52 week high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last issued its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.28). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $966.51 million. National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The business’s quarterly revenue was up 36.2% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Equities research analysts forecast that National General Holdings Corp will post $1.17 EPS for the current fiscal year.

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In other National General Holdings Corp news, CEO Barry Karfunkel purchased 25,000 shares of National General Holdings Corp stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $18.25 per share, with a total value of $456,250.00. Following the completion of the transaction, the chief executive officer now owns 110,073 shares in the company, valued at approximately $2,008,832.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.43% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of National General Holdings Corp by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,185,920 shares of the insurance provider’s stock worth $88,323,000 after purchasing an additional 67,585 shares in the last quarter. Royal Bank of Canada increased its position in shares of National General Holdings Corp by 22.8% during the second quarter. Royal Bank of Canada now owns 3,769,979 shares of the insurance provider’s stock worth $79,546,000 after purchasing an additional 699,595 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of National General Holdings Corp by 4.8% during the second quarter. Wells Fargo & Company MN now owns 2,135,050 shares of the insurance provider’s stock worth $45,049,000 after purchasing an additional 97,176 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of National General Holdings Corp by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,622,874 shares of the insurance provider’s stock worth $34,244,000 after purchasing an additional 177,415 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of National General Holdings Corp by 13.6% during the second quarter. Schroder Investment Management Group now owns 1,185,931 shares of the insurance provider’s stock worth $25,343,000 after purchasing an additional 141,635 shares in the last quarter. 45.92% of the stock is currently owned by institutional investors and hedge funds.

About National General Holdings Corp

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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