William Blair Weighs in on National General Holdings Corp’s FY2018 Earnings (NGHC)
National General Holdings Corp (NASDAQ:NGHC) – Analysts at William Blair raised their FY2018 earnings per share (EPS) estimates for shares of National General in a research note issued to investors on Tuesday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $2.20 per share for the year, up from their prior forecast of $2.00. William Blair also issued estimates for National General’s Q4 2018 earnings at $0.62 EPS.
National General (NASDAQ:NGHC) last released its quarterly earnings results on Monday, February 26th. The insurance provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.07. National General had a return on equity of 7.10% and a net margin of 1.67%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year.
Shares of National General (NASDAQ NGHC) opened at $23.55 on Friday. National General has a 52 week low of $16.21 and a 52 week high of $25.07. The company has a market capitalization of $2,580.00, a P/E ratio of 26.76 and a beta of 1.01.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in National General in the third quarter worth $134,000. First Quadrant L P CA raised its position in National General by 118.8% in the third quarter. First Quadrant L P CA now owns 9,850 shares of the insurance provider’s stock worth $188,000 after acquiring an additional 5,348 shares in the last quarter. Trexquant Investment LP purchased a new position in National General in the third quarter worth $202,000. US Bancorp DE raised its position in National General by 80.3% in the fourth quarter. US Bancorp DE now owns 12,332 shares of the insurance provider’s stock worth $242,000 after acquiring an additional 5,492 shares in the last quarter. Finally, Comerica Bank grew its holdings in National General by 49.2% in the third quarter. Comerica Bank now owns 15,257 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 5,031 shares during the last quarter. Hedge funds and other institutional investors own 46.50% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, March 29th. National General’s payout ratio is 18.18%.
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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.
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