FBR & Co reiterated their buy rating on shares of National General Holdings Corp (NASDAQ:NGHC) in a research report sent to investors on Monday. FBR & Co currently has a $29.00 price target on the insurance provider’s stock.

A number of other brokerages also recently issued reports on NGHC. ValuEngine downgraded National General Holdings Corp from a buy rating to a hold rating in a research report on Thursday, May 25th. Keefe, Bruyette & Woods reiterated a buy rating and set a $27.00 price target on shares of National General Holdings Corp in a research report on Wednesday, June 21st. BidaskClub upgraded National General Holdings Corp from a strong sell rating to a sell rating in a research report on Friday, June 30th. Zacks Investment Research upgraded National General Holdings Corp from a strong sell rating to a hold rating and set a $24.00 price target on the stock in a research report on Thursday, July 20th. Finally, TheStreet downgraded National General Holdings Corp from a b- rating to a c rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $25.75.

Shares of National General Holdings Corp (NASDAQ NGHC) opened at 17.82 on Monday. The company’s 50-day moving average price is $18.10 and its 200 day moving average price is $21.13. The company has a market cap of $1.90 billion, a P/E ratio of 24.08 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.

National General Holdings Corp (NASDAQ:NGHC) last issued 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). The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $966.51 million. National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The firm’s quarterly revenue was up 36.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. Equities research analysts anticipate that National General Holdings Corp will post $1.17 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “FBR & Co Reiterates “Buy” Rating for National General Holdings Corp (NGHC)” was posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/22/fbr-co-reiterates-buy-rating-for-national-general-holdings-corp-nghc.html.

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

In other National General Holdings Corp news, CEO Barry Karfunkel purchased 25,000 shares of the stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $18.25 per share, for a total transaction of $456,250.00. Following the completion of the transaction, the chief executive officer now owns 110,073 shares of the company’s stock, valued at approximately $2,008,832.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter A. Rendall sold 30,901 shares of the 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 transaction, 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. Corporate insiders own 3.43% of the company’s stock.

Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its holdings in shares of National General Holdings Corp by 530.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock valued at $119,000 after acquiring an additional 4,765 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of National General Holdings Corp during the second quarter valued at approximately $143,000. Sciencast Management LP acquired a new position in shares of National General Holdings Corp during the second quarter valued at approximately $211,000. Comerica Bank acquired a new position in shares of National General Holdings Corp during the second quarter valued at approximately $217,000. Finally, Susquehanna International Group LLP acquired a new position in shares of National General Holdings Corp during the second quarter valued at approximately $218,000. Institutional investors own 45.92% of the company’s stock.

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.

Receive News & Ratings for National General Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National General Holdings Corp and related companies with MarketBeat.com's FREE daily email newsletter.