National General Holdings Corp. (NGHC) Hits New 52-Week High at $22.85
National General Holdings Corp. (NASDAQ:NGHC) hit a new 52-week high on Friday . The company traded as high as $22.85 and last traded at $22.40, with a volume of 92,055 shares trading hands. The stock had previously closed at $22.16.
NGHC has been the topic of a number of recent analyst reports. FBR & Co reaffirmed a “buy” rating on shares of National General Holdings Corp. in a research note on Monday, May 2nd. Zacks Investment Research raised shares of National General Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of National General Holdings Corp. from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.38.
The company has a 50-day moving average of $21.55 and a 200-day moving average of $21.20. The firm has a market cap of $2.36 billion and a PE ratio of 15.91.
National General Holdings Corp. (NASDAQ:NGHC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $804.60 million for the quarter, compared to analysts’ expectations of $791.31 million. National General Holdings Corp.’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. On average, analysts predict that National General Holdings Corp. will post $1.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from National General Holdings Corp.’s previous quarterly dividend of $0.03.
A hedge fund recently raised its stake in National General Holdings Corp. stock. Rhumbline Advisers increased its position in shares of National General Holdings Corp. (NASDAQ:NGHC) by 9.6% during the fourth quarter, according to its most recent disclosure 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 at the end of the most recent quarter.
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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