Dimensional Fund Advisors LP Has $34.89 Million Position in National General Holdings Corp (NGHC)

Dimensional Fund Advisors LP boosted its position in National General Holdings Corp (NASDAQ:NGHC) by 12.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,825,586 shares of the insurance provider’s stock after buying an additional 202,712 shares during the period. Dimensional Fund Advisors LP’s holdings in National General were worth $34,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Hartford Investment Management Co. grew its position in National General by 26.0% in the 3rd quarter. Hartford Investment Management Co. now owns 311,369 shares of the insurance provider’s stock valued at $5,950,000 after buying an additional 64,175 shares during the last quarter. Brown Advisory Inc. grew its position in National General by 2.6% in the 3rd quarter. Brown Advisory Inc. now owns 1,591,338 shares of the insurance provider’s stock valued at $30,411,000 after buying an additional 40,243 shares during the last quarter. Wells Fargo & Company MN grew its position in National General by 20.9% in the 3rd quarter. Wells Fargo & Company MN now owns 2,581,523 shares of the insurance provider’s stock valued at $49,332,000 after buying an additional 446,473 shares during the last quarter. Citadel Advisors LLC grew its position in National General by 76.6% in the 3rd quarter. Citadel Advisors LLC now owns 162,334 shares of the insurance provider’s stock valued at $3,102,000 after buying an additional 70,397 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in National General by 40.1% in the 3rd quarter. Schroder Investment Management Group now owns 1,661,359 shares of the insurance provider’s stock valued at $31,416,000 after buying an additional 475,428 shares during the last quarter. Hedge funds and other institutional investors own 45.62% of the company’s stock.

NGHC has been the topic of a number of analyst reports. FBR & Co reiterated a “buy” rating and issued a $29.00 price objective on shares of National General in a research report on Monday, September 18th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of National General in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of National General from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. B. Riley reiterated a “buy” rating and issued a $29.00 price objective on shares of National General in a research report on Monday, November 6th. Finally, TheStreet upgraded shares of National General from a “c” rating to a “b” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.00.

In related news, Director John Drake Nichols bought 24,500 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of $20.45 per share, for a total transaction of $501,025.00. Following the transaction, the director now owns 24,500 shares of the company’s stock, valued at $501,025. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.43% of the stock is currently owned by insiders.

Shares of National General Holdings Corp (NASDAQ:NGHC) opened at $20.46 on Friday. The company has a market cap of $2,159.02, a price-to-earnings ratio of 19.65 and a beta of 1.33. National General Holdings Corp has a 1 year low of $16.21 and a 1 year high of $26.99.

National General (NASDAQ:NGHC) last issued its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.13 by $0.11. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. National General had a net margin of 2.62% and a return on equity of 7.30%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. analysts forecast that National General Holdings Corp will post 0.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. National General’s payout ratio is currently 16.49%.

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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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Institutional Ownership by Quarter for National General (NASDAQ:NGHC)

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