Media stories about National General Holdings Corp (NASDAQ:NGHC) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. National General Holdings Corp earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 46.9302193181937 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of National General Holdings Corp (NASDAQ:NGHC) traded up 0.15% during midday trading on Friday, reaching $20.68. 128,378 shares of the company’s stock were exchanged. National General Holdings Corp has a 12-month low of $16.21 and a 12-month high of $26.99. The stock has a market cap of $2.21 billion, a PE ratio of 27.95 and a beta of 1.32. The stock’s 50 day moving average is $19.26 and its 200-day moving average is $20.42.
National General Holdings Corp (NASDAQ:NGHC) last announced its earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.28). National General Holdings Corp had a net margin of 2.13% and a return on equity of 7.80%. The firm 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 EPS. The company’s revenue was up 36.2% compared to the same quarter last year. On average, equities analysts expect that National General Holdings Corp will post $1.00 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Sunday, October 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, September 28th. National General Holdings Corp’s dividend payout ratio is currently 22.22%.
A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of National General Holdings Corp from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Morgan Stanley cut their price target on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 10th. Zacks Investment Research lowered shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. TheStreet lowered shares of National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of National General Holdings Corp in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.75.
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In related news, CEO Barry Karfunkel purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $18.25 per share, for a total transaction of $456,250.00. Following the completion of the acquisition, the chief executive officer now owns 110,073 shares in the company, valued at approximately $2,008,832.25. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.43% of the company’s stock.
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.
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