State Street Corp lifted its stake in shares of National General Holdings Corp (NASDAQ:NGHC) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 955,996 shares of the insurance provider’s stock after purchasing an additional 10,794 shares during the quarter. State Street Corp owned 0.90% of National General Holdings Corp worth $20,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in NGHC. Legal & General Group Plc grew its holdings in National General Holdings Corp by 2.1% during the 2nd 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. Principal Financial Group Inc. grew its holdings in National General Holdings Corp by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock worth $826,000 after acquiring an additional 462 shares during the last quarter. Rhumbline Advisers grew its holdings in National General Holdings Corp by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after acquiring an additional 886 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in National General Holdings Corp by 4.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 22,470 shares of the insurance provider’s stock worth $474,000 after acquiring an additional 1,054 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in National General Holdings Corp by 1.7% during the 2nd quarter. Victory Capital Management Inc. now owns 114,850 shares of the insurance provider’s stock worth $2,423,000 after acquiring an additional 1,958 shares during the last quarter. 45.56% of the stock is currently owned by institutional investors.

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A number of equities research analysts have weighed in on NGHC shares. Zacks Investment Research raised shares of National General Holdings Corp from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $27.00 target price on shares of National General Holdings Corp in a report on Tuesday, August 29th. FBR & Co reissued a “buy” rating and set a $29.00 target price on shares of National General Holdings Corp in a report on Monday, September 18th. BidaskClub raised shares of National General Holdings Corp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet lowered shares of National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.40.

National General Holdings Corp (NGHC) opened at $20.66 on Friday. The stock has a market cap of $2,230.00, a P/E ratio of 20.08 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 issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. National General Holdings Corp had a net margin of 2.62% and a return on equity of 7.30%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. equities research analysts forecast that National General Holdings Corp will post 0.98 earnings per share for the current year.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.77%. National General Holdings Corp’s dividend payout ratio (DPR) is currently 16.49%.

National General Holdings Corp 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.

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

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