Nationwide Fund Advisors lessened its holdings in shares of National General Holdings Corp (NASDAQ:NGHC) by 37.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,636 shares of the insurance provider’s stock after selling 19,049 shares during the quarter. Nationwide Fund Advisors’ holdings in National General Holdings Corp were worth $668,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of National General Holdings Corp by 530.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 4,765 shares during the period. Pacad Investment Ltd. purchased a new position in shares of National General Holdings Corp during the 2nd quarter worth $143,000. Comerica Bank purchased a new position in shares of National General Holdings Corp during the 2nd quarter worth $217,000. Legal & General Group Plc lifted its stake in shares of National General Holdings Corp by 15.2% during the 1st quarter. Legal & General Group Plc now owns 16,545 shares of the insurance provider’s stock worth $393,000 after purchasing an additional 2,188 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of National General Holdings Corp by 495.9% during the 2nd quarter. Sei Investments Co. now owns 18,007 shares of the insurance provider’s stock worth $380,000 after purchasing an additional 14,985 shares during the period. 45.66% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. BidaskClub lowered National General Holdings Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. 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. 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, August 10th. 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 Tuesday, July 25th. Finally, TheStreet lowered National General Holdings Corp from a “b-” rating to a “c” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.75.

In other news, CEO Barry Karfunkel acquired 25,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 110,073 shares in the company, valued at approximately $2,008,832.25. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.43% of the company’s stock.

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National General Holdings Corp (NGHC) opened at 20.31 on Tuesday. National General Holdings Corp has a 52 week low of $16.21 and a 52 week high of $26.99. The firm’s 50 day moving average price is $19.36 and its 200-day moving average price is $20.39. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 27.45 and a beta of 1.31.

National General Holdings Corp (NASDAQ:NGHC) last posted its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $966.51 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 36.2% on a year-over-year basis. Analysts expect that National General Holdings Corp will post $1.00 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Sunday, October 1st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.79%. The ex-dividend date was Thursday, September 28th. National General Holdings Corp’s payout ratio is 22.22%.

National General Holdings Corp 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.

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

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