Strs Ohio raised its stake in National General Holdings Corp. (NASDAQ:NGHC) by 10.7% during the second quarter, Holdings Channel reports. The fund owned 41,500 shares of the company’s stock after buying an additional 4,000 shares during the period. Strs Ohio’s holdings in National General Holdings Corp. were worth $888,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of NGHC. Alpha Windward LLC bought a new stake in shares of National General Holdings Corp. during the second quarter valued at approximately $410,000. Nordea Investment Management AB bought a new stake in shares of National General Holdings Corp. during the second quarter valued at approximately $493,000. Prudential Financial Inc. raised its stake in shares of National General Holdings Corp. by 665.0% in the first quarter. Prudential Financial Inc. now owns 93,410 shares of the company’s stock valued at $2,017,000 after buying an additional 81,200 shares during the period. Zebra Capital Management LLC acquired a new position in National General Holdings Corp. during the first quarter valued at about $2,226,000. Finally, Panagora Asset Management Inc. raised its position in National General Holdings Corp. by 2.1% in the first quarter. Panagora Asset Management Inc. now owns 331,839 shares of the company’s stock valued at $7,164,000 after buying an additional 6,772 shares during the last quarter. 41.80% of the stock is currently owned by institutional investors.
Shares of National General Holdings Corp. (NASDAQ:NGHC) traded down 0.05% during trading on Monday, reaching $22.20. 124,196 shares of the company were exchanged. The company’s 50-day moving average is $22.15 and its 200 day moving average is $21.64. National General Holdings Corp. has a 1-year low of $18.04 and a 1-year high of $23.12. The firm has a market capitalization of $2.35 billion, a PE ratio of 15.87 and a beta of 1.22.
National General Holdings Corp. (NASDAQ:NGHC) last issued its earnings results on Monday, August 1st. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $804.60 million for the quarter, compared to the consensus estimate of $791.31 million. National General Holdings Corp. had a net margin of 5.28% and a return on equity of 14.14%. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. Equities research analysts expect that National General Holdings Corp. will post $1.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, October 3rd. This is an increase from National General Holdings Corp.’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.72%. National General Holdings Corp.’s dividend payout ratio (DPR) is currently 11.27%.
Several research firms have recently issued reports on NGHC. Keefe, Bruyette & Woods lifted their target price on shares of National General Holdings Corp. from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of National General Holdings Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, William Blair reiterated an “outperform” rating on shares of National General Holdings Corp. in a report on Saturday, September 10th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. National General Holdings Corp. currently has a consensus rating of “Buy” and an average price target of $26.13.
National General Holdings Corp. Company Profile
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.