National General (NGHC) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of National General (NASDAQ:NGHC) from a hold rating to a buy rating in a report published on Thursday.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised National General from a sell rating to a hold rating in a research note on Saturday, October 27th. BidaskClub raised National General from a sell rating to a hold rating in a research note on Tuesday, September 25th. Finally, Morgan Stanley lifted their target price on National General from $27.00 to $29.00 and gave the company an equal weight rating in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. National General currently has a consensus rating of Hold and a consensus price target of $30.00.

Shares of NGHC opened at $26.78 on Thursday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 24.57 and a beta of 0.76. National General has a 1-year low of $18.22 and a 1-year high of $28.56.

National General (NASDAQ:NGHC) last issued its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.25. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. National General had a return on equity of 15.64% and a net margin of 3.63%. National General’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. As a group, analysts expect that National General will post 2.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Tuesday, January 1st will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, December 28th. This represents a $0.16 annualized dividend and a yield of 0.60%. National General’s dividend payout ratio (DPR) is presently 14.68%.

In other National General news, COO Peter A. Rendall sold 6,195 shares of National General stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $27.75, for a total transaction of $171,911.25. Following the transaction, the chief operating officer now owns 17 shares of the company’s stock, valued at approximately $471.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its stake in National General by 6.1% during the 2nd quarter. Sei Investments Co. now owns 48,237 shares of the insurance provider’s stock valued at $1,270,000 after acquiring an additional 2,754 shares in the last quarter. United Services Automobile Association grew its stake in National General by 36.5% during the 2nd quarter. United Services Automobile Association now owns 13,128 shares of the insurance provider’s stock valued at $346,000 after acquiring an additional 3,508 shares in the last quarter. JPMorgan Chase & Co. grew its stake in National General by 8.1% during the 1st quarter. JPMorgan Chase & Co. now owns 47,524 shares of the insurance provider’s stock valued at $1,155,000 after acquiring an additional 3,549 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in National General by 23.1% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 20,133 shares of the insurance provider’s stock valued at $530,000 after acquiring an additional 3,777 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in National General during the 2nd quarter valued at about $102,000. 48.48% of the stock is currently owned by institutional investors.

National General Company Profile

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States. The company operates in two segments, Property and Casualty, and Accident and Health. The Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

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Analyst Recommendations for National General (NASDAQ:NGHC)

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