Trade Report: The 300 Shares of National Interstate Corp. (NATL) are sold by California Public Employees Retirement System

The 300 Shares of National Interstate Corp. (NATL) are sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in National Interstate Corp. (NASDAQ:NATL) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,181 shares of the company’s stock after selling 300 shares during the period. California Public Employees Retirement System owned approximately 0.17% of National Interstate Corp. worth $1,034,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of NATL. Orinda Asset Management LLC acquired a new position in National Interstate Corp. during the second quarter valued at about $379,000. California State Teachers Retirement System boosted its position in National Interstate Corp. by 3.8% in the second quarter. California State Teachers Retirement System now owns 15,708 shares of the company’s stock valued at $475,000 after buying an additional 582 shares during the last quarter. Bank of New York Mellon Corp boosted its position in National Interstate Corp. by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 54,098 shares of the company’s stock valued at $1,637,000 after buying an additional 1,865 shares during the last quarter. Strs Ohio acquired a new position in National Interstate Corp. during the second quarter valued at about $317,000. Finally, Highland Capital Management LLC acquired a new position in National Interstate Corp. during the second quarter valued at about $206,000. Hedge funds and other institutional investors own 85.55% of the company’s stock.

National Interstate Corp. (NASDAQ:NATL) traded up 0.22% on Monday, hitting $32.49. The stock had a trading volume of 11,064 shares. The firm’s 50-day moving average price is $32.50 and its 200-day moving average price is $31.40. National Interstate Corp. has a 1-year low of $21.15 and a 1-year high of $34.49. The firm has a market cap of $647.43 million, a P/E ratio of 28.13 and a beta of 1.07.

National Interstate Corp. (NASDAQ:NATL) last released its earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.11. National Interstate Corp. had a return on equity of 7.63% and a net margin of 3.57%. On average, equities research analysts predict that National Interstate Corp. will post $1.85 earnings per share for the current year.

Separately, Zacks Investment Research cut National Interstate Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 11th.

About National Interstate Corp.

National Interstate Corporation and its subsidiaries operate as an insurance holding company that underwrites and sells traditional and alternative property and casualty insurance products to the passenger transportation, trucking and moving and storage industries, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles throughout the United States.

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