National General (NASDAQ:NGHC) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.
Other analysts also recently issued research reports about the company. TheStreet raised National General from a “c” rating to a “b” rating in a research report on Tuesday, November 21st. B. Riley reissued a “buy” rating and set a $29.00 price objective on shares of National General in a research report on Monday, November 6th. Zacks Investment Research cut National General from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. FBR & Co reissued a “buy” rating and set a $29.00 price objective on shares of National General in a research report on Monday, September 18th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of National General in a research report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. National General has a consensus rating of “Hold” and a consensus price target of $26.40.
Shares of National General (NASDAQ NGHC) opened at $20.47 on Tuesday. The stock has a market capitalization of $2,195.28, a price-to-earnings ratio of 19.98 and a beta of 1.33. National General has a 52-week low of $16.21 and a 52-week high of $26.99.
In other news, Director John Drake Nichols acquired 24,500 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of $20.45 per share, for a total transaction of $501,025.00. Following the transaction, the director now owns 24,500 shares of the company’s stock, valued at $501,025. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 3.43% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of NGHC. BNP Paribas Arbitrage SA raised its stake in National General by 530.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock worth $119,000 after buying an additional 4,765 shares during the period. SG Americas Securities LLC acquired a new stake in National General during the 3rd quarter worth $134,000. Pacad Investment Ltd. acquired a new stake in National General during the 2nd quarter worth $143,000. First Quadrant L P CA raised its stake in National General by 118.8% during the 3rd quarter. First Quadrant L P CA now owns 9,850 shares of the insurance provider’s stock worth $188,000 after buying an additional 5,348 shares during the period. Finally, Trexquant Investment LP acquired a new stake in National General during the 3rd quarter worth $202,000. 45.63% of the stock is currently owned by institutional investors and hedge funds.
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National General Company Profile
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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