News headlines about National General (NASDAQ:NGHC) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. National General earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 46.2108526573105 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- National General Holdings Corp. to Announce 2018 First Quarter Results on May … (globenewswire.com)
- National General Holdings Corp. to Announce 2018 First Quarter Results on May 7, 2018 (finance.yahoo.com)
- National General (NGHC) Upgraded at BidaskClub (americanbankingnews.com)
- National General (NGHC) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
NGHC has been the subject of several analyst reports. B. Riley upped their price objective on National General from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, March 21st. Mizuho upped their price objective on National General from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, March 21st. Morgan Stanley upped their price objective on National General from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 1st. Zacks Investment Research raised National General from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a research note on Saturday, January 6th. Finally, BidaskClub raised National General from a “sell” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.50.
National General (NASDAQ:NGHC) last issued its earnings results on Monday, February 26th. The insurance provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. National General had a return on equity of 7.10% and a net margin of 1.67%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. research analysts anticipate that National General will post 2.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Monday, April 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, March 29th. National General’s dividend payout ratio (DPR) is 14.68%.
In other news, COO Peter A. Rendall sold 6,637 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $24.31, for a total transaction of $161,345.47. Following the completion of the transaction, the chief operating officer now directly owns 17 shares of the company’s stock, valued at approximately $413.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas Newgarden sold 5,084 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $24.26, for a total value of $123,337.84. Following the completion of the transaction, the executive vice president now directly owns 4,766 shares of the company’s stock, valued at $115,623.16. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
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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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