American International Group Inc. decreased its stake in shares of National General Holdings Corp (NASDAQ:NGHC) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,126 shares of the insurance provider’s stock after selling 2,320 shares during the quarter. American International Group Inc.’s holdings in National General were worth $664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NGHC. State of Michigan Retirement System acquired a new stake in shares of National General during the 1st quarter worth approximately $21,515,000. Norges Bank acquired a new stake in shares of National General during the 4th quarter worth approximately $25,458,000. BlackRock Inc. lifted its holdings in shares of National General by 11.1% in the 1st quarter. BlackRock Inc. now owns 5,482,979 shares of the insurance provider’s stock worth $90,743,000 after purchasing an additional 549,728 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC lifted its holdings in shares of National General by 69.0% in the 4th quarter. Philadelphia Financial Management of San Francisco LLC now owns 924,038 shares of the insurance provider’s stock worth $20,421,000 after purchasing an additional 377,173 shares in the last quarter. Finally, Nut Tree Capital Management LP lifted its holdings in shares of National General by 19.1% in the 4th quarter. Nut Tree Capital Management LP now owns 1,371,314 shares of the insurance provider’s stock worth $30,306,000 after purchasing an additional 219,602 shares in the last quarter. 52.77% of the stock is owned by institutional investors.

NGHC has been the topic of a number of recent research reports. Zacks Investment Research upgraded National General from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. initiated coverage on National General in a report on Sunday, April 19th. They issued a “neutral” rating and a $26.00 target price on the stock. BidaskClub upgraded National General from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut National General from a “sell” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, B. Riley dropped their price objective on National General from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. National General currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Shares of NASDAQ:NGHC opened at $19.30 on Friday. The stock’s fifty day simple moving average is $17.21 and its two-hundred day simple moving average is $19.86. National General Holdings Corp has a 1-year low of $11.82 and a 1-year high of $25.39. The stock has a market cap of $2.13 billion, a PE ratio of 6.92 and a beta of 0.82.

National General (NASDAQ:NGHC) last issued its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. National General had a return on equity of 16.97% and a net margin of 6.60%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $0.77 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that National General Holdings Corp will post 3.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, June 30th. National General’s payout ratio is 7.27%.

About National General

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States, Bermuda, Luxembourg, and Sweden. The company's Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

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

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