News coverage about National General Holdings Corp (NASDAQ:NGHC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National General Holdings Corp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 46.3225714835944 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- NGHC Investors Alert: Hagens Berman Alerts Investors in National General … (econotimes.com)
- NGHC Investors Alert: Hagens Berman Alerts Investors in National General Holdings Corp. to Investigation into Possible Securities Law Violations Related to its Auto Insurance Business (feeds.benzinga.com)
- National General Holdings Corp. : NGHC-US: Dividend Analysis : July 03rd, 2017 (record date) : By the numbers : August 17, 2017 (finance.yahoo.com)
- NASDAQ:NGHC Shareholder Notice: Investigation over Possible Securities Laws Violations by National General Holdings (sbwire.com)
- See what the IHS Markit Score report has to say about National General Holdings Corp. (finance.yahoo.com)
Several research firms recently issued reports on NGHC. Zacks Investment Research downgraded shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Morgan Stanley reduced their price target on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 10th. TheStreet downgraded shares of National General Holdings Corp from a “b-” rating to a “c” rating in a research report on Tuesday, August 8th. BidaskClub cut National General Holdings Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $27.00 price objective on shares of National General Holdings Corp in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. National General Holdings Corp has an average rating of “Hold” and an average price target of $24.67.
National General Holdings Corp (NASDAQ:NGHC) last released its earnings results 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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $966.51 million. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s revenue was up 36.2% on a year-over-year basis. Equities research analysts expect that National General Holdings Corp will post $1.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Sunday, October 1st will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.89%. National General Holdings Corp’s dividend payout ratio is currently 22.22%.
In other National General Holdings Corp news, CEO Barry Karfunkel acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $18.25 per share, with a total value of $456,250.00. Following the completion of the transaction, the chief executive officer now directly owns 110,073 shares of the company’s stock, valued at approximately $2,008,832.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter A. Rendall sold 30,901 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $21.06, for a total value of $650,775.06. Following the sale, the chief operating officer now directly owns 126 shares in the company, valued at $2,653.56. The disclosure for this sale can be found here. Corporate insiders own 3.43% of the company’s stock.
About National General Holdings Corp
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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