National General (NGHC) Price Target Raised to $25.00 at Morgan Stanley
National General (NASDAQ:NGHC) had its target price boosted by Morgan Stanley from $23.00 to $25.00 in a report published on Thursday. They currently have an equal weight rating on the insurance provider’s stock.
Several other research analysts have also weighed in on NGHC. TheStreet raised National General from a c rating to a b rating in a research report on Tuesday, November 21st. B. Riley reissued a buy rating and set a $29.00 price target on shares of National General in a research report on Monday, November 6th. BidaskClub lowered National General from a hold rating to a sell rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research raised National General from a sell rating to a hold rating and set a $22.00 price target on the stock in a research report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. National General has an average rating of Hold and an average target price of $26.40.
National General (NGHC) traded down $0.03 during trading hours on Thursday, reaching $23.52. The company had a trading volume of 99,021 shares, compared to its average volume of 250,489. The firm has a market capitalization of $2,512.93, a price-to-earnings ratio of 23.32 and a beta of 1.01. National General has a 52-week low of $16.21 and a 52-week high of $24.44.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a $0.04 dividend. The ex-dividend date is Thursday, March 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.68%. National General’s dividend payout ratio (DPR) is currently 26.67%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in National General by 11.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 25,314 shares of the insurance provider’s stock valued at $497,000 after purchasing an additional 2,594 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in National General in the fourth quarter valued at about $471,000. Park West Asset Management LLC grew its stake in National General by 5.0% in the fourth quarter. Park West Asset Management LLC now owns 4,606,870 shares of the insurance provider’s stock valued at $90,479,000 after purchasing an additional 220,883 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in National General in the fourth quarter valued at about $1,031,000. Finally, Cornercap Investment Counsel Inc. grew its stake in National General by 27.6% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 38,500 shares of the insurance provider’s stock valued at $756,000 after purchasing an additional 8,335 shares in the last quarter. Hedge funds and other institutional investors own 45.93% of the company’s stock.
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About National General
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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