National General Holdings Corp (NGHC) Expected to Earn FY2017 Earnings of $1.46 Per Share

National General Holdings Corp (NASDAQ:NGHC) – Analysts at William Blair dropped their FY2017 EPS estimates for shares of National General Holdings Corp in a report released on Tuesday. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $1.46 per share for the year, down from their prior estimate of $1.70. William Blair also issued estimates for National General Holdings Corp’s Q4 2017 earnings at $0.50 EPS, Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.59 EPS and Q4 2018 earnings at $0.59 EPS.

NGHC has been the topic of several other research reports. BidaskClub cut National General Holdings Corp from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $27.00 price target on shares of National General Holdings Corp in a report on Wednesday, June 21st. Zacks Investment Research raised National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 price target on the stock in a report on Thursday, July 20th. ValuEngine cut National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, TheStreet cut National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.67.

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National General Holdings Corp (NASDAQ NGHC) opened at 18.51 on Thursday. The company has a market cap of $1.97 billion, a PE ratio of 15.55 and a beta of 1.25. National General Holdings Corp has a 52-week low of $18.04 and a 52-week high of $26.99. The firm has a 50-day moving average price of $20.98 and a 200-day moving average price of $22.61.

National General Holdings Corp (NASDAQ:NGHC) last released its earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.28. National General Holdings Corp had a net margin of 2.13% and a return on equity of 7.83%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $966.51 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue was up 36.2% on a year-over-year basis.

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its position in shares of National General Holdings Corp by 530.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock worth $119,000 after buying an additional 4,765 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of National General Holdings Corp during the second quarter worth $143,000. Comerica Bank purchased a new position in shares of National General Holdings Corp during the second quarter worth $217,000. Nomura Holdings Inc. purchased a new position in shares of National General Holdings Corp during the first quarter worth $310,000. Finally, Legal & General Group Plc boosted its position in shares of National General Holdings Corp by 2.1% in the second quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock worth $357,000 after buying an additional 352 shares in the last quarter. 53.36% of the stock is currently owned by institutional investors.

In related news, COO Peter A. Rendall sold 32,659 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $22.05, for a total transaction of $720,130.95. Following the transaction, the chief operating officer now directly owns 63,686 shares of the company’s stock, valued at approximately $1,404,276.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter A. Rendall sold 30,901 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $21.06, for a total value of $650,775.06. Following the transaction, the chief operating officer now directly owns 126 shares in the company, valued at $2,653.56. The disclosure for this sale can be found here. Company insiders own 3.43% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Sunday, October 1st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. National General Holdings Corp’s dividend payout ratio is 22.22%.

National General Holdings Corp Company Profile

National General Holdings Corp. is a specialty 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.

Earnings History and Estimates for National General Holdings Corp (NASDAQ:NGHC)

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