Brokerages Set National General Holdings Corp (NGHC) Price Target at $25.75

Shares of National General Holdings Corp (NASDAQ:NGHC) have been assigned an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $25.75.

A number of analysts recently weighed in on the stock. TheStreet upgraded shares of National General from a “c” rating to a “b” rating in a research report on Tuesday, November 21st. B. Riley reiterated a “buy” rating and issued a $29.00 price target on shares of National General in a research report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of National General in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of National General from a “sell” rating to a “hold” rating and set a $22.00 price target on the stock in a research report on Saturday, January 6th. Finally, BidaskClub downgraded shares of National General from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.

Shares of National General (NASDAQ NGHC) traded up $0.10 during trading hours on Tuesday, hitting $20.35. 371,976 shares of the company were exchanged, compared to its average volume of 181,791. The firm has a market cap of $2,170.75, a P/E ratio of 19.76 and a beta of 1.33. National General has a 1-year low of $16.21 and a 1-year high of $26.99.

National General (NASDAQ:NGHC) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. National General had a net margin of 2.62% and a return on equity of 7.30%. National General’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. analysts forecast that National General will post 0.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.16 annualized dividend and a yield of 0.79%. National General’s dividend payout ratio (DPR) is currently 16.49%.

In related news, Director John Drake Nichols bought 24,500 shares of the company’s stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of $20.45 per share, for a total transaction of $501,025.00. Following the acquisition, the director now owns 24,500 shares of the company’s stock, valued at approximately $501,025. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.43% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its holdings in National General by 530.6% during the 2nd 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 during the period. SG Americas Securities LLC acquired a new stake in National General during the 3rd quarter worth approximately $134,000. First Quadrant L P CA raised its holdings in National General by 118.8% during the 3rd quarter. First Quadrant L P CA now owns 9,850 shares of the insurance provider’s stock worth $188,000 after buying an additional 5,348 shares during the period. Sciencast Management LP acquired a new stake in National General during the 2nd quarter worth approximately $211,000. Finally, Comerica Bank acquired a new stake in National General during the 2nd quarter worth approximately $217,000. Hedge funds and other institutional investors own 45.62% of the company’s stock.

WARNING: This article was published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.tickerreport.com/banking-finance/3149206/brokerages-set-national-general-holdings-corp-nghc-price-target-at-25-75.html.

National General 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.

Receive News & Ratings for National General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National General and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.