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.
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.
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.
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