Keefe, Bruyette & Woods reissued their buy rating on shares of National General Holdings Corp (NASDAQ:NGHC) in a research note issued to investors on Tuesday morning. Keefe, Bruyette & Woods currently has a $27.00 price target on the insurance provider’s stock.

NGHC has been the topic of a number of other reports. BidaskClub cut National General Holdings Corp from a hold rating to a sell rating in a research report on Monday, July 31st. TheStreet cut National General Holdings Corp from a b- rating to a c rating in a research report on Tuesday, August 8th. Zacks Investment Research raised National General Holdings Corp from a strong sell rating to a hold rating and set a $24.00 price target on the stock in a research report on Thursday, July 20th. ValuEngine cut National General Holdings Corp from a buy rating to a hold rating in a research report on Thursday, May 25th. Finally, Morgan Stanley dropped their price target on National General Holdings Corp from $25.00 to $23.00 and set an equal weight rating on the stock in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $24.67.

National General Holdings Corp (NASDAQ:NGHC) opened at 17.22 on Tuesday. The stock has a 50 day moving average price of $19.53 and a 200-day moving average price of $21.86. National General Holdings Corp has a 12-month low of $17.01 and a 12-month high of $26.99. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 23.27 and a beta of 1.25.

National General Holdings Corp (NASDAQ:NGHC) last posted its earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.28. National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $966.51 million. During the same quarter last year, the company posted $0.41 EPS. The firm’s revenue was up 36.2% on a year-over-year basis. On average, analysts predict that National General Holdings Corp will post $1.37 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Watch List News and is owned by of Watch List News. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/national-general-holdings-corps-nghc-buy-rating-reiterated-at-keefe-bruyette-woods/1536057.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Sunday, October 1st will be given a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.93%. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

In related news, COO Peter A. Rendall sold 30,901 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $21.06, for a total value of $650,775.06. Following the transaction, the chief operating officer now directly owns 126 shares of the company’s stock, valued at approximately $2,653.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Peter A. Rendall sold 32,659 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $22.05, for a total value of $720,130.95. Following the completion of the transaction, the chief operating officer now directly owns 63,686 shares in the company, valued at $1,404,276.30. The disclosure for this sale can be found here. Corporate insiders own 3.43% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NGHC. Norges Bank acquired a new position in National General Holdings Corp during the fourth quarter valued at about $625,000. Teachers Advisors LLC boosted its position in National General Holdings Corp by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 79,962 shares of the insurance provider’s stock valued at $1,998,000 after buying an additional 3,692 shares during the period. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in National General Holdings Corp during the first quarter valued at about $1,058,000. Wells Fargo & Company MN boosted its position in National General Holdings Corp by 14.6% in the first quarter. Wells Fargo & Company MN now owns 2,037,874 shares of the insurance provider’s stock valued at $48,420,000 after buying an additional 259,243 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new position in National General Holdings Corp during the first quarter valued at about $571,000. 45.97% 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.

Receive News & Ratings for National General Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National General Holdings Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.