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.
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.
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