Stoneridge Investment Partners LLC cut its position in shares of National General Holdings Corp (NASDAQ:NGHC) by 55.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,629 shares of the insurance provider’s stock after selling 13,387 shares during the period. Stoneridge Investment Partners LLC’s holdings in National General Holdings Corp were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Nomura Holdings Inc. acquired a new stake in National General Holdings Corp during the first quarter worth $310,000. BW Gestao de Investimentos Ltda. increased its stake in National General Holdings Corp by 17.1% in the first quarter. BW Gestao de Investimentos Ltda. now owns 15,350 shares of the insurance provider’s stock worth $365,000 after buying an additional 2,245 shares during the period. Sei Investments Co. increased its stake in National General Holdings Corp by 495.9% in the second quarter. Sei Investments Co. now owns 18,007 shares of the insurance provider’s stock worth $380,000 after buying an additional 14,985 shares during the period. Legal & General Group Plc increased its stake in National General Holdings Corp by 15.2% in the first quarter. Legal & General Group Plc now owns 16,545 shares of the insurance provider’s stock worth $393,000 after buying an additional 2,188 shares during the period. Finally, AGF Investments Inc. acquired a new stake in National General Holdings Corp during the first quarter worth $403,000. Hedge funds and other institutional investors own 53.36% of the company’s stock.

Shares of National General Holdings Corp (NASDAQ:NGHC) opened at 17.99 on Friday. National General Holdings Corp has a 52-week low of $17.95 and a 52-week high of $26.99. The firm’s 50-day moving average price is $20.77 and its 200-day moving average price is $22.53. The stock has a market capitalization of $1.92 billion, a P/E ratio of 24.31 and a beta of 1.25.

National General Holdings Corp (NASDAQ:NGHC) last posted its earnings results on Monday, August 7th. The insurance provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.39 by $0.28. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $966.51 million. National General Holdings Corp had a net margin of 2.13% and a return on equity of 7.80%. The firm’s revenue was up 36.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. Equities analysts forecast that National General Holdings Corp will post $1.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Sunday, October 1st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, September 28th. National General Holdings Corp’s payout ratio is currently 22.22%.

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A number of research firms recently weighed in on NGHC. ValuEngine downgraded National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $27.00 target price on shares of National General Holdings Corp in a research report on Wednesday, June 21st. Zacks Investment Research upgraded 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 research report on Thursday, July 20th. BidaskClub upgraded National General Holdings Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Morgan Stanley decreased their target price on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. National General Holdings Corp currently has a consensus rating of “Hold” and an average price target of $24.67.

In other National General Holdings Corp news, COO Peter A. Rendall sold 32,659 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $22.05, for a total transaction of $720,130.95. Following the completion of the transaction, the chief operating officer now directly owns 63,686 shares of the company’s stock, valued at approximately $1,404,276.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Barry Karfunkel purchased 25,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $18.25 per share, with a total value of $456,250.00. Following the completion of the purchase, the chief executive officer now owns 110,073 shares in the company, valued at approximately $2,008,832.25. The disclosure for this purchase can be found here. Company insiders own 3.43% of the company’s stock.

About National General Holdings Corp

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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Institutional Ownership by Quarter for National General Holdings Corp (NASDAQ:NGHC)

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