Trading Report: Today, Analysts Set National General Holdings Corp. (NGHC) PT at $25.00

Today, Analysts Set National General Holdings Corp. (NGHC) PT at $25.00

Shares of National General Holdings Corp. (NASDAQ:NGHC) have earned a consensus rating of “Buy” from the six ratings firms that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.00.

A number of equities analysts recently issued reports on NGHC shares. William Blair restated an “outperform” rating on shares of National General Holdings Corp. in a research note on Saturday, September 10th. Keefe, Bruyette & Woods lifted their price objective on National General Holdings Corp. from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Zacks Investment Research lowered National General Holdings Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, October 5th. Finally, Morgan Stanley lowered National General Holdings Corp. from an “overweight” rating to an “equal weight” rating and set a $23.00 price objective for the company. in a research note on Friday, November 18th. They noted that the move was a valuation call.

Shares of National General Holdings Corp. (NASDAQ:NGHC) opened at 23.17 on Monday. National General Holdings Corp. has a 52-week low of $18.04 and a 52-week high of $23.59. The company has a 50 day moving average price of $21.80 and a 200-day moving average price of $21.63. The stock has a market capitalization of $2.47 billion, a P/E ratio of 19.16 and a beta of 1.27.

National General Holdings Corp. (NASDAQ:NGHC) last issued its earnings results on Wednesday, November 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.07. The firm earned $857.38 million during the quarter, compared to analysts’ expectations of $846.07 million. National General Holdings Corp. had a return on equity of 12.60% and a net margin of 4.36%. The business’s revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. On average, analysts predict that National General Holdings Corp. will post $1.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, December 29th. National General Holdings Corp.’s dividend payout ratio (DPR) is presently 13.11%.

In other news, General Counsel Jeffrey Weissmann sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $22.78, for a total transaction of $410,040.00. Following the sale, the general counsel now directly owns 34,053 shares in the company, valued at approximately $775,727.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in National General Holdings Corp. by 1.5% in the second quarter. US Bancorp DE now owns 5,664 shares of the company’s stock worth $122,000 after buying an additional 83 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in National General Holdings Corp. by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 10,630 shares of the company’s stock worth $228,000 after buying an additional 130 shares during the period. Advisors Asset Management Inc. boosted its stake in National General Holdings Corp. by 2.7% in the third quarter. Advisors Asset Management Inc. now owns 6,003 shares of the company’s stock worth $134,000 after buying an additional 158 shares during the period. Principal Financial Group Inc. boosted its stake in National General Holdings Corp. by 1.4% in the third quarter. Principal Financial Group Inc. now owns 14,279 shares of the company’s stock worth $318,000 after buying an additional 204 shares during the period. Finally, California State Teachers Retirement System boosted its stake in National General Holdings Corp. by 0.9% in the third quarter. California State Teachers Retirement System now owns 102,438 shares of the company’s stock worth $2,278,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 42.18% of the company’s stock.

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