National General Holdings Corp (NASDAQ:NGHC) – Equities researchers at William Blair raised their Q1 2018 EPS estimates for National General in a research note issued on Tuesday. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $0.45 per share for the quarter, up from their prior estimate of $0.43. William Blair also issued estimates for National General’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.56 EPS, Q4 2019 earnings at $0.76 EPS and FY2019 earnings at $2.60 EPS.
National General (NASDAQ:NGHC) last posted its earnings results on Monday, February 26th. The insurance provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. National General had a return on equity of 7.10% and a net margin of 1.67%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.
National General (NASDAQ:NGHC) opened at $22.98 on Thursday. The company has a market capitalization of $2,474.52, a PE ratio of 38.30 and a beta of 1.26. National General has a 1-year low of $16.21 and a 1-year high of $25.07.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, March 29th. National General’s dividend payout ratio is currently 26.67%.
A number of institutional investors and hedge funds have recently modified their holdings of NGHC. SG Americas Securities LLC purchased a new position in National General in the third quarter valued at about $134,000. First Quadrant L P CA boosted its holdings in National General by 118.8% in the third quarter. First Quadrant L P CA now owns 9,850 shares of the insurance provider’s stock valued at $188,000 after purchasing an additional 5,348 shares during the last quarter. Trexquant Investment LP bought a new position in National General during the 3rd quarter worth approximately $202,000. US Bancorp DE lifted its holdings in National General by 80.3% during the 4th quarter. US Bancorp DE now owns 12,332 shares of the insurance provider’s stock worth $242,000 after buying an additional 5,492 shares during the last quarter. Finally, Comerica Bank lifted its holdings in National General by 49.2% during the 3rd quarter. Comerica Bank now owns 15,257 shares of the insurance provider’s stock worth $310,000 after buying an additional 5,031 shares during the last quarter. 46.50% of the stock is owned by hedge funds and other institutional investors.
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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.
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