Mizuho Increases National General (NGHC) Price Target to $31.00

National General (NASDAQ:NGHC) had its price target upped by research analysts at Mizuho from $29.00 to $31.00 in a report released on Wednesday. The firm currently has a “buy” rating on the insurance provider’s stock. Mizuho’s price objective indicates a potential upside of 27.41% from the company’s previous close.

Several other research analysts have also commented on NGHC. TheStreet upgraded shares of National General from a “c” rating to a “b” rating in a report on Tuesday, November 21st. BidaskClub lowered shares of National General from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of National General from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research note on Saturday, January 6th. Finally, Morgan Stanley lifted their price objective on shares of National General from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.50.

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NGHC stock opened at $24.33 on Wednesday. National General has a 1-year low of $16.21 and a 1-year high of $25.17. The company has a market cap of $2,662.32, a P/E ratio of 40.55 and a beta of 1.01.

National General (NASDAQ:NGHC) last posted its quarterly earnings results on Monday, February 26th. The insurance provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.07. National General had a net margin of 1.67% and a return on equity of 7.10%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $0.30 earnings per share. National General’s revenue for the quarter was up 5.1% compared to the same quarter last year. analysts forecast that National General will post 2.19 earnings per share for the current fiscal year.

In other news, EVP Thomas Newgarden sold 5,084 shares of National General stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $24.26, for a total transaction of $123,337.84. Following the sale, the executive vice president now owns 4,766 shares in the company, valued at $115,623.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.43% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. raised its stake in shares of National General by 19.1% during the third quarter. Prudential Financial Inc. now owns 416,380 shares of the insurance provider’s stock valued at $7,957,000 after purchasing an additional 66,740 shares during the period. Elk Creek Partners LLC raised its stake in shares of National General by 11.2% during the third quarter. Elk Creek Partners LLC now owns 990,815 shares of the insurance provider’s stock valued at $18,934,000 after purchasing an additional 100,069 shares during the period. Russell Investments Group Ltd. increased its stake in shares of National General by 23.4% in the third quarter. Russell Investments Group Ltd. now owns 47,509 shares of the insurance provider’s stock worth $908,000 after buying an additional 9,006 shares during the last quarter. B. Riley Financial Inc. bought a new stake in shares of National General in the third quarter worth $910,000. Finally, Strycker View Capital LLC increased its stake in shares of National General by 61.1% in the fourth quarter. Strycker View Capital LLC now owns 387,500 shares of the insurance provider’s stock worth $7,611,000 after buying an additional 147,000 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

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About National General

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.

Analyst Recommendations for National General (NASDAQ:NGHC)

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