According to Zacks, “National Interstate Corporation is a specialty property and casualty insurance company with a niche orientation and focus on the transportation industry. Their core products include property and casualty insurance for transportation companies, group captive insurance programs for transportation companies that they refer to as their alternative risk transfer operations, specialty personal lines, primarily, recreational vehicle coverage and general commercial insurance in Hawaii. “
Shares of National Interstate Corp. (NASDAQ:NATL) traded down 0.18% during mid-day trading on Tuesday, reaching $32.41. 5,196 shares of the company’s stock were exchanged. The stock has a market cap of $645.83 million, a price-to-earnings ratio of 28.06 and a beta of 1.07. National Interstate Corp. has a 52 week low of $21.15 and a 52 week high of $34.49. The stock has a 50 day moving average price of $32.51 and a 200 day moving average price of $31.36.
National Interstate Corp. (NASDAQ:NATL) last announced its earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. National Interstate Corp. had a return on equity of 7.63% and a net margin of 3.57%. Equities research analysts predict that National Interstate Corp. will post $1.85 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, September 2nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Wednesday, August 31st. National Interstate Corp.’s dividend payout ratio (DPR) is presently 48.70%.
Large investors have recently made changes to their positions in the company. Spark Investment Management LLC raised its position in National Interstate Corp. by 47.2% in the first quarter. Spark Investment Management LLC now owns 15,900 shares of the company’s stock valued at $475,000 after buying an additional 5,100 shares during the last quarter. Alpine Partners VI LLC acquired a new position in National Interstate Corp. during the first quarter valued at $242,000. OMERS ADMINISTRATION Corp acquired a new position in National Interstate Corp. during the first quarter valued at $1,020,000. State Street Corp raised its position in National Interstate Corp. by 2.0% in the first quarter. State Street Corp now owns 110,700 shares of the company’s stock valued at $3,311,000 after buying an additional 2,160 shares during the last quarter. Finally, Springbok Capital Management LLC acquired a new position in National Interstate Corp. during the first quarter valued at $135,000. 85.55% of the stock is currently owned by institutional investors.
National Interstate Corp. Company Profile
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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