Pembroke Management LTD lessened its holdings in National General Holdings Corp (NASDAQ:NGHC) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,143,300 shares of the insurance provider’s stock after selling 172,000 shares during the period. National General Holdings Corp comprises approximately 2.1% of Pembroke Management LTD’s portfolio, making the stock its 16th biggest position. Pembroke Management LTD owned about 1.07% of National General Holdings Corp worth $21,848,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Legal & General Group Plc boosted its position 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 buying an additional 352 shares during the period. Principal Financial Group Inc. boosted its position in shares of National General Holdings Corp by 1.3% in the first quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock worth $826,000 after buying an additional 462 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of National General Holdings Corp by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 40,099 shares of the insurance provider’s stock worth $845,000 after buying an additional 669 shares during the period. Rhumbline Advisers boosted its position in shares of National General Holdings Corp by 1.6% in the second quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after buying an additional 886 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in shares of National General Holdings Corp by 4.9% in 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 buying an additional 1,054 shares during the period. 45.56% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. BidaskClub cut National General Holdings Corp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Morgan Stanley cut their price objective on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $27.00 price objective on shares of National General Holdings Corp in a report on Tuesday, July 25th. Finally, B. Riley reiterated a “buy” rating and set a $29.00 price objective on shares of National General Holdings Corp in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.40.

Shares of National General Holdings Corp (NASDAQ NGHC) traded up $0.05 during trading hours on Wednesday, hitting $20.67. The company had a trading volume of 171,300 shares, compared to its average volume of 264,684. National General Holdings Corp has a twelve month low of $16.21 and a twelve month high of $26.99. The stock has a market capitalization of $2,199.55, a price-to-earnings ratio of 20.02 and a beta of 1.33.

National General Holdings Corp (NASDAQ:NGHC) last posted its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. National General Holdings Corp had a return on equity of 7.30% and a net margin of 2.62%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue was up 23.3% compared to the same quarter last year. equities analysts anticipate that National General Holdings Corp will post 0.98 EPS for the current year.

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

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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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