Somewhat Positive News Coverage Somewhat Unlikely to Impact National General (NGHC) Share Price
News coverage about National General (NASDAQ:NGHC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. National General earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 45.7979571808299 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of National General (NGHC) opened at $20.19 on Friday. The company has a market cap of $2,204.89, a price-to-earnings ratio of 20.07 and a beta of 1.33. National General has a 12 month low of $16.21 and a 12 month high of $26.99.
National General (NASDAQ:NGHC) last posted its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. National General had a net margin of 2.62% and a return on equity of 7.30%. National General’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. equities research analysts expect that National General will post 0.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, December 29th. National General’s dividend payout ratio is presently 16.49%.
A number of analysts have commented on NGHC shares. TheStreet upgraded shares of National General from a “c” rating to a “b” rating in a research note on Tuesday, November 21st. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of National General in a research note on Friday, September 29th. FBR & Co reiterated a “buy” rating and issued a $29.00 price target on shares of National General in a research note on Monday, September 18th. B. Riley reiterated a “buy” rating and issued a $29.00 price target on shares of National General in a research note on Monday, November 6th. Finally, Zacks Investment Research upgraded shares of National General from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $26.40.
In related news, Director John Drake Nichols bought 24,500 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was bought at an average price of $20.45 per share, for a total transaction of $501,025.00. Following the purchase, the director now owns 24,500 shares in the company, valued at approximately $501,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.43% of the company’s stock.
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National General 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.
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