Research Analysts Issue Forecasts for National General Holdings Corp’s Q3 2017 Earnings (NGHC)

National General Holdings Corp (NASDAQ:NGHC) – Stock analysts at William Blair issued their Q3 2017 EPS estimates for shares of National General Holdings Corp in a note issued to investors on Monday. William Blair analyst A. Klauber anticipates that the insurance provider will post earnings per share of $0.12 for the quarter. William Blair also issued estimates for National General Holdings Corp’s FY2017 earnings at $1.00 EPS.

National General Holdings Corp (NASDAQ:NGHC) last issued its earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $966.51 million. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue was up 36.2% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: “Research Analysts Issue Forecasts for National General Holdings Corp’s Q3 2017 Earnings (NGHC)” was posted by Week Herald and is the property of of Week Herald. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://weekherald.com/2017/10/20/research-analysts-issue-forecasts-for-national-general-holdings-corps-q3-2017-earnings-nghc.html.

Several other brokerages have also weighed in on NGHC. TheStreet lowered shares of National General Holdings Corp from a “b-” rating to a “c” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of National General Holdings Corp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Morgan Stanley decreased their target price on shares of 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. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of National General Holdings Corp in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of National General Holdings Corp from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $25.75.

National General Holdings Corp (NGHC) opened at 20.66 on Wednesday. National General Holdings Corp has a one year low of $16.21 and a one year high of $26.99. The firm has a 50-day moving average of $18.68 and a 200-day moving average of $20.55. The company has a market cap of $2.20 billion, a PE ratio of 27.92 and a beta of 1.32.

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its position in National General Holdings Corp by 530.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock valued at $119,000 after buying an additional 4,765 shares in the last quarter. Pacad Investment Ltd. acquired a new position in National General Holdings Corp in the second quarter valued at about $143,000. Sciencast Management LP acquired a new position in National General Holdings Corp in the second quarter valued at about $211,000. Comerica Bank acquired a new position in National General Holdings Corp in the second quarter valued at about $217,000. Finally, Susquehanna International Group LLP acquired a new position in National General Holdings Corp in the second quarter valued at about $218,000. Hedge funds and other institutional investors own 45.92% of the company’s stock.

In other National General Holdings Corp news, CEO Barry Karfunkel bought 25,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $18.25 per share, for a total transaction of $456,250.00. Following the transaction, the chief executive officer now owns 110,073 shares in the company, valued at $2,008,832.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.43% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Sunday, October 1st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.77%. National General Holdings Corp’s dividend payout ratio (DPR) is currently 22.22%.

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.

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

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply