AGF Investments Inc. Has $359,000 Holdings in National General Holdings Corp (NGHC)

AGF Investments Inc. held its stake in National General Holdings Corp (NASDAQ:NGHC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the insurance provider’s stock at the end of the 2nd quarter. AGF Investments Inc.’s holdings in National General Holdings Corp were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in NGHC. Teachers Advisors LLC lifted its position in shares of National General Holdings Corp by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 79,962 shares of the insurance provider’s stock worth $1,998,000 after purchasing an additional 3,692 shares in the last quarter. First Trust Advisors LP raised its position in National General Holdings Corp by 45.2% during the first quarter. First Trust Advisors LP now owns 84,981 shares of the insurance provider’s stock worth $2,019,000 after acquiring an additional 26,436 shares in the last quarter. Advisors Asset Management Inc. raised its position in National General Holdings Corp by 89.9% during the first quarter. Advisors Asset Management Inc. now owns 21,227 shares of the insurance provider’s stock worth $504,000 after acquiring an additional 10,050 shares in the last quarter. Capital Fund Management S.A. bought a new stake in National General Holdings Corp during the first quarter worth $508,000. Finally, Bank of New York Mellon Corp raised its position in National General Holdings Corp by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 305,618 shares of the insurance provider’s stock worth $7,262,000 after acquiring an additional 15,116 shares in the last quarter. 45.97% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have issued reports on NGHC. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 price target on shares of National General Holdings Corp in a research report on Tuesday, August 29th. Zacks Investment Research lowered shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Morgan Stanley dropped 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 research report on Thursday, August 10th. TheStreet lowered shares of National General Holdings Corp from a “b-” rating to a “c” rating in a research report on Tuesday, August 8th. Finally, BidaskClub lowered shares of National General Holdings Corp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. National General Holdings Corp currently has a consensus rating of “Hold” and an average price target of $24.67.

In other National General Holdings Corp news, CEO Barry Karfunkel bought 25,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought 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 directly owns 110,073 shares of the company’s stock, valued at approximately $2,008,832.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Peter A. Rendall sold 30,901 shares of National General Holdings Corp stock in a transaction on Friday, June 30th. The stock was sold at an average price of $21.06, for a total value of $650,775.06. Following the sale, the chief operating officer now owns 126 shares in the company, valued at $2,653.56. The disclosure for this sale can be found here. 3.43% of the stock is owned by insiders.

Shares of National General Holdings Corp (NGHC) opened at 16.97 on Tuesday. The firm’s 50-day moving average is $18.79 and its 200 day moving average is $21.47. National General Holdings Corp has a 52-week low of $16.21 and a 52-week high of $26.99. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 22.93 and a beta of 1.28.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.28. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $966.51 million. National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. National General Holdings Corp’s revenue was up 36.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts anticipate that National General Holdings Corp will post $1.37 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Sunday, October 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, September 28th. National General Holdings Corp’s dividend payout ratio is 22.22%.

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

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