Barry Karfunkel Buys 25,000 Shares of National General Holdings Corp (NASDAQ:NGHC) Stock

National General Holdings Corp (NASDAQ:NGHC) CEO Barry Karfunkel purchased 25,000 shares of National General Holdings Corp stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $18.25 per share, for a total transaction of $456,250.00. Following the purchase, the chief executive officer now owns 110,073 shares in the company, valued at $2,008,832.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Shares of National General Holdings Corp (NGHC) opened at 17.99 on Friday. The stock’s 50 day moving average price is $20.77 and its 200-day moving average price is $22.53. The firm has a market capitalization of $1.92 billion, a P/E ratio of 24.31 and a beta of 1.25. National General Holdings Corp has a 12-month low of $17.95 and a 12-month high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.28. National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $966.51 million. During the same period in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 36.2% on a year-over-year basis. On average, equities analysts expect that National General Holdings Corp will post $1.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Sunday, October 1st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is currently 22.22%.

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A number of research analysts have weighed in on the company. ValuEngine lowered National General Holdings Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $27.00 price target on shares of National General Holdings Corp in a research note on Wednesday, June 21st. Zacks Investment Research raised National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research note on Thursday, July 20th. BidaskClub raised National General Holdings Corp from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Morgan Stanley reduced their price target on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.67.

Several large investors have recently modified their holdings of NGHC. Legal & General Group Plc raised its stake in shares of National General Holdings Corp by 2.1% in the second quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock worth $357,000 after buying an additional 352 shares during the period. Principal Financial Group Inc. raised its stake in shares of National General Holdings Corp by 1.3% in the first quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock worth $826,000 after buying an additional 462 shares during the period. Rhumbline Advisers raised its stake in shares of National General Holdings Corp by 1.6% in the second quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after buying an additional 886 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of National General Holdings Corp by 4.9% in the second quarter. Wedge Capital Management L L P NC now owns 22,470 shares of the insurance provider’s stock worth $474,000 after buying an additional 1,054 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of National General Holdings Corp by 1.7% in the second quarter. Victory Capital Management Inc. now owns 114,850 shares of the insurance provider’s stock worth $2,423,000 after buying an additional 1,958 shares during the period. 53.36% of the stock is owned by institutional investors.

National General Holdings Corp 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.

Insider Buying and Selling by Quarter for National General Holdings Corp (NASDAQ:NGHC)

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