National General Holdings Corp (NASDAQ:NGHC) Earning Somewhat Favorable News Coverage, Study Finds
Press coverage about National General Holdings Corp (NASDAQ:NGHC) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. National General Holdings Corp earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.0754380903789 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities research analysts recently issued reports on the company. ValuEngine cut National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $27.00 price objective on shares of National General Holdings Corp in a research note on Wednesday, June 21st. BidaskClub upgraded National General Holdings Corp from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 price objective on the stock in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.67.
Shares of National General Holdings Corp (NASDAQ NGHC) traded down 1.34% during midday trading on Friday, hitting $20.60. The stock had a trading volume of 158,545 shares. The stock’s 50 day moving average price is $21.29 and its 200 day moving average price is $22.79. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 17.31 and a beta of 1.25. National General Holdings Corp has a 12 month low of $18.04 and a 12 month high of $26.99.
National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings data on Monday, May 8th. The insurance provider reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $943.94 million. National General Holdings Corp had a return on equity of 10.43% and a net margin of 3.70%. The business’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities analysts forecast that National General Holdings Corp will post $1.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, June 29th. National General Holdings Corp’s payout ratio is 13.56%.
In other news, COO Peter A. Rendall sold 32,659 shares of National General Holdings Corp stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $22.05, for a total value of $720,130.95. Following the completion of the transaction, the chief operating officer now owns 63,686 shares in the company, valued at approximately $1,404,276.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Peter A. Rendall sold 30,901 shares of National General Holdings Corp stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $21.06, for a total value of $650,775.06. Following the completion of the transaction, the chief operating officer now owns 126 shares of the company’s stock, valued at approximately $2,653.56. The disclosure for this sale can be found here. Insiders own 3.43% of the company’s stock.
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National General Holdings Corp 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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