National General Holdings Corp. (NGHC) Sets New 52-Week High at $22.85
National General Holdings Corp. (NASDAQ:NGHC) shares hit a new 52-week high during trading on Friday . The company traded as high as $22.85 and last traded at $22.40, with a volume of 92,055 shares traded. The stock had previously closed at $22.16.
A number of research analysts have commented on the company. Zacks Investment Research cut National General Holdings Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. FBR & Co restated a “buy” rating on shares of National General Holdings Corp. in a research note on Monday, May 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on National General Holdings Corp. from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $25.38.
The firm has a market cap of $2.36 billion and a price-to-earnings ratio of 15.94. The company has a 50-day moving average of $21.60 and a 200-day moving average of $21.22.
National General Holdings Corp. (NASDAQ:NGHC) last announced its earnings results on Monday, August 1st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. During the same period last year, the firm earned $0.35 earnings per share. The firm had revenue of $804.60 million for the quarter, compared to analyst estimates of $791.31 million. National General Holdings Corp.’s revenue for the quarter was up 41.3% compared to the same quarter last year. On average, equities analysts forecast that National General Holdings Corp. will post $1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.04 per share. This is a boost from National General Holdings Corp.’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Monday, October 3rd.
An institutional investor recently raised its position in National General Holdings Corp. stock. Rhumbline Advisers increased its position in National General Holdings Corp. (NASDAQ:NGHC) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,278 shares of the company’s stock after buying an additional 4,600 shares during the period. Rhumbline Advisers’ holdings in National General Holdings Corp. were worth $1,143,000 as of its most recent SEC filing.
National General Holdings Corp. is a 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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