Hillcrest Asset Management LLC trimmed its stake in shares of National General Holdings Corp (NASDAQ:NGHC) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 417,662 shares of the insurance provider’s stock after selling 10,295 shares during the period. Hillcrest Asset Management LLC owned about 0.39% of National General Holdings Corp worth $7,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Legal & General Group Plc boosted its position in National General Holdings Corp by 2.1% during the second quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock worth $357,000 after purchasing an additional 352 shares in the last quarter. Principal Financial Group Inc. boosted its position in National General Holdings Corp by 1.3% during the first quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock worth $826,000 after purchasing an additional 462 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in National General Holdings Corp by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 40,099 shares of the insurance provider’s stock worth $845,000 after purchasing an additional 669 shares in the last quarter. Rhumbline Advisers boosted its position in National General Holdings Corp by 1.6% during the second quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after purchasing an additional 886 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in National General Holdings Corp by 4.9% during the second quarter. Wedge Capital Management L L P NC now owns 22,470 shares of the insurance provider’s stock worth $474,000 after purchasing an additional 1,054 shares in the last quarter. Institutional investors own 45.56% of the company’s stock.

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National General Holdings Corp (NASDAQ:NGHC) traded down $0.45 during midday trading on Tuesday, hitting $20.75. The stock had a trading volume of 257,600 shares, compared to its average volume of 266,281. The stock has a market capitalization of $2,261.42, a P/E ratio of 20.58 and a beta of 1.33. National General Holdings Corp has a 1-year low of $16.21 and a 1-year high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last released its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.11. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. National General Holdings Corp had a return on equity of 7.30% and a net margin of 2.62%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. research analysts forecast that National General Holdings Corp will post 0.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be given a $0.04 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.77%. National General Holdings Corp’s dividend payout ratio (DPR) is presently 16.49%.

A number of equities analysts have issued reports on NGHC shares. TheStreet downgraded National General Holdings Corp from a “b-” rating to a “c” rating in a research report on Tuesday, August 8th. BidaskClub upgraded National General Holdings Corp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Morgan Stanley lowered their price target 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, August 10th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of National General Holdings Corp in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded National General Holdings Corp from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. National General Holdings Corp presently has an average rating of “Hold” and an average target price of $26.40.

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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