National General Holdings Corp (NGHC) Getting Somewhat Positive Media Coverage, Analysis Shows
Media headlines about National General Holdings Corp (NASDAQ:NGHC) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National General Holdings Corp earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 47.4390306840252 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Head-To-Head Analysis: National General Holdings Corp (NASDAQ:NGHC) and American National Insurance (ANAT) (americanbankingnews.com)
- NATIONAL GENERAL INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL … (markets.businessinsider.com)
- Insider Trading at National General Holdings Corp? (elcumanes.com)
- National General Holdings Corp (NGHC) Expected to Earn Q3 2017 Earnings of $0.48 Per Share (americanbankingnews.com)
- National General Holdings Corp (NGHC) CEO and President Barry Karfunkel Bought $456,250 of Shares (finance.yahoo.com)
Shares of National General Holdings Corp (NASDAQ:NGHC) traded down 0.06% during trading on Friday, hitting $17.99. 507,131 shares of the stock were exchanged. National General Holdings Corp has a 12-month low of $17.95 and a 12-month high of $26.99. The firm has a 50 day moving average of $20.77 and a 200-day moving average of $22.53. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 24.31 and a beta of 1.25.
National General Holdings Corp (NASDAQ:NGHC) last issued its earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.28. National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $966.51 million. During the same period in the prior year, the business earned $0.41 earnings per share. National General Holdings Corp’s quarterly revenue was up 36.2% on a year-over-year basis. On average, analysts forecast that National General Holdings Corp will post $1.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Sunday, October 1st will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, September 28th. National General Holdings Corp’s dividend payout ratio is presently 22.22%.
Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $27.00 target price on shares of National General Holdings Corp in a report on Wednesday, June 21st. Zacks Investment Research raised shares of National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 target price on the stock in a report on Thursday, July 20th. BidaskClub raised shares of National General Holdings Corp from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, Morgan Stanley cut their target price on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday. 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’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.67.
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In other National General Holdings Corp news, CEO Barry Karfunkel purchased 25,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $18.25 per share, with a total value of $456,250.00. Following the completion of the acquisition, the chief executive officer now owns 110,073 shares of the company’s stock, valued at $2,008,832.25. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO Peter A. Rendall sold 32,659 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $22.05, for a total value of $720,130.95. Following the transaction, the chief operating officer now directly owns 63,686 shares in the company, valued at $1,404,276.30. The disclosure for this sale can be found here. 3.43% of the stock is currently owned by company insiders.
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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