Martingale Asset Management L P lifted its position in National General Holdings Corp (NASDAQ:NGHC) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,766 shares of the insurance provider’s stock after acquiring an additional 3,396 shares during the period. Martingale Asset Management L P owned 0.22% of National General Holdings Corp worth $4,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of National General Holdings Corp by 530.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock worth $119,000 after acquiring an additional 4,765 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of National General Holdings Corp in the second quarter worth approximately $143,000. Comerica Bank acquired a new stake in shares of National General Holdings Corp in the second quarter worth approximately $217,000. Nomura Holdings Inc. acquired a new stake in shares of National General Holdings Corp in the first quarter worth approximately $310,000. Finally, Legal & General Group Plc boosted its stake in shares of National General Holdings Corp by 2.1% in the second quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock worth $357,000 after acquiring an additional 352 shares during the last quarter. 45.97% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on NGHC shares. ValuEngine lowered National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $27.00 price objective on shares of National General Holdings Corp in a research note on Wednesday, June 21st. BidaskClub raised National General Holdings Corp from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research raised 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. Finally, TheStreet lowered National General Holdings Corp from a “b-” rating to a “c” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.67.

Shares of National General Holdings Corp (NGHC) opened at 17.83 on Thursday. The stock has a market cap of $1.90 billion, a P/E ratio of 24.09 and a beta of 1.28. National General Holdings Corp has a 52-week low of $16.21 and a 52-week high of $26.99. The firm has a 50-day moving average price of $18.62 and a 200-day moving average price of $21.38.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Sunday, October 1st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is 22.22%.

In other National General Holdings Corp news, CEO Barry Karfunkel acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $18.25 per share, for a total transaction of $456,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 110,073 shares of the company’s stock, valued at $2,008,832.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Peter A. Rendall sold 30,901 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now owns 126 shares in the company, valued at approximately $2,653.56. The disclosure for this sale can be found here. 3.43% of the stock is owned by company insiders.

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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.

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

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