National General Holdings Corp (NGHC) Position Raised by State Street Corp

State Street Corp boosted its position in shares of National General Holdings Corp (NASDAQ:NGHC) by 0.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 945,202 shares of the insurance provider’s stock after buying an additional 6,103 shares during the period. State Street Corp’s holdings in National General Holdings Corp were worth $22,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in shares of National General Holdings Corp by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 1,358,467 shares of the insurance provider’s stock worth $32,267,000 after buying an additional 32,314 shares during the period. Boston Partners purchased a new position in shares of National General Holdings Corp during the first quarter worth about $19,999,000. Norges Bank purchased a new position in shares of National General Holdings Corp during the fourth quarter worth about $625,000. Vanguard Group Inc. boosted its position in shares of National General Holdings Corp by 4.6% in the first quarter. Vanguard Group Inc. now owns 4,118,335 shares of the insurance provider’s stock worth $97,851,000 after buying an additional 180,570 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of National General Holdings Corp by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 79,962 shares of the insurance provider’s stock worth $1,998,000 after buying an additional 3,692 shares during the period. 53.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of National General Holdings Corp (NGHC) traded down 1.40% during mid-day trading on Thursday, reaching $18.25. 287,128 shares of the company’s stock were exchanged. The firm has a market cap of $1.95 billion, a P/E ratio of 24.66 and a beta of 1.25. The company has a 50 day moving average price of $20.98 and a 200 day moving average price of $22.61. National General Holdings Corp has a 52-week low of $18.04 and a 52-week high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last issued its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.28. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $966.51 million. National General Holdings Corp had a return on equity of 7.83% and a net margin of 2.13%. National General Holdings Corp’s quarterly revenue was up 36.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Analysts forecast that National General Holdings Corp will post $1.44 earnings per share for the current fiscal year.

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

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A number of research analysts recently issued reports on NGHC shares. BidaskClub cut shares of National General Holdings Corp from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 price objective on shares of National General Holdings Corp in a research note on Wednesday, June 21st. Zacks Investment Research raised shares of National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 price objective on the stock in a research note on Thursday, July 20th. ValuEngine cut shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Finally, TheStreet cut shares of National General Holdings Corp from a “b-” rating to a “c” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.67.

In other news, COO Peter A. Rendall sold 30,901 shares of the stock in a transaction on 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 owns 126 shares of the company’s stock, valued at approximately $2,653.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Peter A. Rendall sold 32,659 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $22.05, for a total transaction of $720,130.95. Following the completion of the transaction, the chief operating officer now directly owns 63,686 shares in the company, valued at approximately $1,404,276.30. The disclosure for this sale can be found here. 3.43% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for National General Holdings Corp (NASDAQ:NGHC)

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