National General Holdings Corp (NGHC) Receives $30.57 Average Price Target from Analysts

National General Holdings Corp (NASDAQ:NGHC) has received a consensus recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.57.

NGHC has been the topic of a number of analyst reports. BidaskClub cut National General from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Goldman Sachs Group assumed coverage on shares of National General in a research note on Tuesday, February 19th. They issued a “neutral” rating and a $27.00 price target on the stock. JMP Securities reaffirmed a “buy” rating and issued a $33.00 price target on shares of National General in a research note on Wednesday, February 27th. Zacks Investment Research raised shares of National General from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, March 7th. Finally, Compass Point assumed coverage on shares of National General in a research note on Wednesday, March 20th. They issued a “buy” rating and a $34.00 price target on the stock.

In related news, CFO Michael Hal Weiner sold 5,110 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $24.53, for a total value of $125,348.30. Following the transaction, the chief financial officer now directly owns 35,094 shares of the company’s stock, valued at approximately $860,855.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.38% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. lifted its stake in National General by 116.7% in the 4th quarter. Macquarie Group Ltd. now owns 1,300 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 700 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in National General by 37.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,968 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 535 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in National General by 100.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 1,000 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in National General in the 1st quarter worth approximately $52,000. Finally, New York State Teachers Retirement System purchased a new position in National General in the 4th quarter worth approximately $131,000. 52.40% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:NGHC opened at $24.54 on Monday. National General has a 52 week low of $21.22 and a 52 week high of $28.89. The stock has a market cap of $2.75 billion, a PE ratio of 11.74 and a beta of 0.71.

National General (NASDAQ:NGHC) last posted its earnings results on Monday, May 6th. The insurance provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.09. National General had a return on equity of 15.88% and a net margin of 4.33%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm earned $0.62 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts predict that National General will post 2.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, June 28th. National General’s dividend payout ratio is presently 7.66%.

National General Company Profile

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States, Bermuda, Luxembourg, and Sweden. The company's Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

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Analyst Recommendations for National General (NASDAQ:NGHC)

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