BidaskClub upgraded shares of National General (NASDAQ:NGHC) from a sell rating to a hold rating in a report issued on Tuesday.

A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley boosted their price target on shares of National General from $27.00 to $29.00 and gave the company an equal weight rating in a research report on Tuesday, August 14th. Keefe, Bruyette & Woods cut shares of National General from an outperform rating to a market perform rating and set a $27.00 price target for the company. in a research report on Monday, June 4th. Zacks Investment Research cut shares of National General from a buy rating to a hold rating in a research report on Wednesday, July 18th. ValuEngine cut shares of National General from a buy rating to a hold rating in a research report on Thursday, August 2nd. Finally, JMP Securities boosted their price target on shares of National General from $30.00 to $32.00 and gave the company a market outperform rating in a research report on Monday, June 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. National General has a consensus rating of Buy and an average price target of $30.00.

Shares of NGHC opened at $26.86 on Tuesday. National General has a 1-year low of $17.86 and a 1-year high of $28.25. The firm has a market capitalization of $2.84 billion, a P/E ratio of 24.64 and a beta of 0.92.

National General (NASDAQ:NGHC) last announced its quarterly earnings results on Monday, August 6th. The insurance provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. National General had a net margin of 3.36% and a return on equity of 12.35%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $0.11 earnings per share. National General’s quarterly revenue was down .5% compared to the same quarter last year. equities analysts predict that National General will post 2.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.60%. National General’s payout ratio is 14.68%.

In other news, COO Peter A. Rendall sold 6,195 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $27.75, for a total value of $171,911.25. Following the completion of the sale, the chief operating officer now directly owns 17 shares of the company’s stock, valued at $471.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of National General by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 27,531 shares of the insurance provider’s stock valued at $669,000 after buying an additional 2,217 shares during the last quarter. Sei Investments Co. raised its holdings in shares of National General by 6.1% in the second quarter. Sei Investments Co. now owns 48,237 shares of the insurance provider’s stock valued at $1,270,000 after buying an additional 2,754 shares during the last quarter. United Services Automobile Association raised its holdings in shares of National General by 36.5% in the second quarter. United Services Automobile Association now owns 13,128 shares of the insurance provider’s stock valued at $346,000 after buying an additional 3,508 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of National General by 8.1% in the first quarter. JPMorgan Chase & Co. now owns 47,524 shares of the insurance provider’s stock valued at $1,155,000 after buying an additional 3,549 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of National General by 23.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 20,133 shares of the insurance provider’s stock valued at $530,000 after buying an additional 3,777 shares during the last quarter. 48.41% of the stock is owned by institutional investors and hedge funds.

National General Company Profile

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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Analyst Recommendations for National General (NASDAQ:NGHC)

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