Analysts’ Recent Ratings Changes for National General Holdings Corp (NGHC)

A number of firms have modified their ratings and price targets on shares of National General Holdings Corp (NASDAQ: NGHC) recently:

  • 8/11/2017 – National General Holdings Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “National General Holdings Corp. is a specialty personal lines insurance holding company. The Company, through its subsidiaries, provides personal and commercial automobile insurance, recreational vehicle and motorcycle insurance, supplemental health insurance products and other niche insurance products. It operates in two segments, Property and Casualty and Accident and Health. The Property and Casualty segment offers standard and preferred automobile and sub-standard automobile insurance policies; Recreational vehicle insurance policies; commercial automobile insurance policies; and motorcycle insurance policies for various types of motorcycles, as well as golf carts and all-terrain vehicles. The Accident and Health segment provides accident and non-major medical health insurance products. National General Holdings Corp. is headquartered in New York. “
  • 8/10/2017 – National General Holdings Corp had its price target lowered by analysts at Morgan Stanley from $25.00 to $23.00. They now have an “equal weight” rating on the stock.
  • 8/9/2017 – National General Holdings Corp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/8/2017 – National General Holdings Corp was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 7/31/2017 – National General Holdings Corp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – National General Holdings Corp had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $27.00 price target on the stock.
  • 7/24/2017 – National General Holdings Corp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/20/2017 – National General Holdings Corp was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. They now have a $24.00 price target on the stock. According to Zacks, “National General Holdings Corp. is a specialty personal lines insurance holding company. The Company, through its subsidiaries, provides personal and commercial automobile insurance, recreational vehicle and motorcycle insurance, supplemental health insurance products and other niche insurance products. It operates in two segments, Property and Casualty and Accident and Health. The Property and Casualty segment offers standard and preferred automobile and sub-standard automobile insurance policies; Recreational vehicle insurance policies; commercial automobile insurance policies; and motorcycle insurance policies for various types of motorcycles, as well as golf carts and all-terrain vehicles. The Accident and Health segment provides accident and non-major medical health insurance products. National General Holdings Corp. is headquartered in New York. “
  • 6/30/2017 – National General Holdings Corp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/21/2017 – National General Holdings Corp had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $27.00 price target on the stock.

Shares of National General Holdings Corp (NGHC) traded up 0.19% during midday trading on Wednesday, reaching $18.22. 354,455 shares of the company’s stock traded hands. National General Holdings Corp has a 52-week low of $17.95 and a 52-week high of $26.99. The firm has a market cap of $1.94 billion, a PE ratio of 24.62 and a beta of 1.25. The company has a 50 day moving average of $20.60 and a 200 day moving average of $22.40.

National General Holdings Corp (NASDAQ:NGHC) last released its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.28. National General Holdings Corp had a net margin of 2.13% and a return on equity of 7.80%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $966.51 million. During the same period last year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was up 36.2% on a year-over-year basis. On average, equities analysts predict that National General Holdings Corp will post $1.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Sunday, October 1st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is 22.22%.

In other National General Holdings Corp news, COO Peter A. Rendall sold 32,659 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $22.05, for a total value of $720,130.95. Following the transaction, the chief operating officer now directly owns 63,686 shares of the company’s stock, valued at $1,404,276.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter A. Rendall sold 30,901 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $21.06, for a total transaction of $650,775.06. Following the completion of the transaction, the chief operating officer now directly owns 126 shares in the company, valued at $2,653.56. The disclosure for this sale can be found here. 3.43% of the stock is currently owned by company insiders.

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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