LSV Asset Management grew its stake in National General Holdings Corp (NASDAQ:NGHC) by 60.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,986 shares of the insurance provider’s stock after purchasing an additional 70,600 shares during the period. LSV Asset Management owned about 0.18% of National General Holdings Corp worth $3,966,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in National General Holdings Corp by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 4,118,335 shares of the insurance provider’s stock worth $97,851,000 after purchasing an additional 180,570 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in National General Holdings Corp by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,445,459 shares of the insurance provider’s stock worth $34,343,000 after purchasing an additional 103,100 shares in the last quarter. Ameriprise Financial Inc. boosted its position in National General Holdings Corp by 2.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,358,467 shares of the insurance provider’s stock worth $32,267,000 after purchasing an additional 32,314 shares in the last quarter. RE Advisers Corp boosted its position in National General Holdings Corp by 25.7% in the 1st quarter. RE Advisers Corp now owns 1,248,549 shares of the insurance provider’s stock worth $29,666,000 after purchasing an additional 255,249 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in National General Holdings Corp by 12.2% in the 1st quarter. Schroder Investment Management Group now owns 1,044,296 shares of the insurance provider’s stock worth $24,635,000 after purchasing an additional 113,566 shares in the last quarter. Institutional investors and hedge funds own 45.92% of the company’s stock.

In related news, 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 sale, the chief operating officer now directly owns 126 shares in the company, valued at $2,653.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Barry Karfunkel purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $18.25 per share, for a total transaction of $456,250.00. Following the completion of the purchase, the chief executive officer now owns 110,073 shares of the company’s stock, valued at $2,008,832.25. The disclosure for this purchase can be found here. 3.43% of the stock is owned by insiders.

Several research firms have commented on NGHC. FBR & Co restated a “buy” rating and issued a $29.00 price objective on shares of National General Holdings Corp in a research report on Monday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 target price on shares of National General Holdings Corp in a research note on Tuesday, August 29th. Zacks Investment Research downgraded National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Morgan Stanley reduced their target price on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 10th. Finally, TheStreet downgraded National General Holdings Corp from a “b-” rating to a “c” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.75.

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National General Holdings Corp (NGHC) opened at 17.60 on Tuesday. The firm has a market capitalization of $1.88 billion, a P/E ratio of 23.78 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 stock’s 50 day moving average price is $18.20 and its 200 day moving average price is $21.18.

National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $966.51 million. During the same quarter last year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was up 36.2% compared to the same quarter last year. On average, equities analysts expect that National General Holdings Corp will post $1.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Sunday, October 1st will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.91%. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

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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