Today, Nordea Investment Management AB invests in National General Holdings Corp. (NGHC) Shares

Today, Nordea Investment Management AB invests in National General Holdings Corp. (NGHC) Shares

Nordea Investment Management AB increased its stake in National General Holdings Corp. (NASDAQ:NGHC) by 123.4% during the third quarter, Holdings Channel reports. The fund owned 51,429 shares of the company’s stock after buying an additional 28,405 shares during the period. Nordea Investment Management AB’s holdings in National General Holdings Corp. were worth $1,144,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. US Bancorp DE increased 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 valued at $122,000 after buying an additional 83 shares during the last quarter. State Board of Administration of Florida Retirement System increased 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 valued at $228,000 after buying an additional 130 shares during the last quarter. Advisors Asset Management Inc. increased 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 valued at $134,000 after buying an additional 158 shares during the last quarter. Principal Financial Group Inc. increased its stake in National General Holdings Corp. by 10.9% in the second quarter. Principal Financial Group Inc. now owns 14,075 shares of the company’s stock valued at $301,000 after buying an additional 1,380 shares during the last quarter. Finally, Sawgrass Asset Management LLC increased its stake in National General Holdings Corp. by 3.2% in the third quarter. Sawgrass Asset Management LLC now owns 46,410 shares of the company’s stock valued at $1,032,000 after buying an additional 1,420 shares during the last quarter. 42.18% of the stock is owned by institutional investors and hedge funds.

National General Holdings Corp. (NASDAQ:NGHC) traded up 0.39% during midday trading on Friday, reaching $23.17. 55,012 shares of the company traded hands. The company has a 50-day moving average price of $21.80 and a 200-day moving average price of $21.63. National General Holdings Corp. has a 12-month low of $18.04 and a 12-month high of $23.59. The company has a market cap of $2.47 billion, a price-to-earnings 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 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.07. The firm earned $857.38 million during the quarter, compared to analyst estimates of $846.07 million. National General Holdings Corp. had a net margin of 4.36% and a return on equity of 12.60%. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, analysts predict that National General Holdings Corp. will post $1.47 earnings per share for the current fiscal year.

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

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of National General Holdings Corp. from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Morgan Stanley downgraded shares of 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 report on Friday, November 18th. They noted that the move was a valuation call. Zacks Investment Research raised shares of National General Holdings Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of National General Holdings Corp. in a report on Saturday, September 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.00.

In related news, General Counsel Jeffrey Weissmann sold 18,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $22.78, for a total value of $410,040.00. Following the completion of the transaction, the general counsel now directly owns 34,053 shares in the company, valued at $775,727.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.10% of the stock is owned by corporate insiders.

About National General Holdings Corp.

National General Holdings Corp. is a 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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