National General Holdings Corp (NGHC) Shares Bought by Boston Partners

Boston Partners boosted its stake in National General Holdings Corp (NASDAQ:NGHC) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 887,375 shares of the insurance provider’s stock after buying an additional 28,760 shares during the quarter. Boston Partners owned approximately 0.83% of National General Holdings Corp worth $16,958,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its position in National General Holdings Corp by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock worth $357,000 after buying an additional 352 shares in the last quarter. Principal Financial Group Inc. lifted its position in National General Holdings Corp by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock worth $826,000 after buying an additional 462 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in National General Holdings Corp by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,099 shares of the insurance provider’s stock worth $845,000 after buying an additional 669 shares in the last quarter. Rhumbline Advisers lifted its position in National General Holdings Corp by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock worth $1,209,000 after buying an additional 886 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in National General Holdings Corp by 4.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 22,470 shares of the insurance provider’s stock worth $474,000 after buying an additional 1,054 shares in the last quarter. Institutional investors own 45.56% of the company’s stock.

A number of equities research analysts have issued reports on NGHC shares. Zacks Investment Research upgraded shares of National General Holdings Corp from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 target price on shares of National General Holdings Corp in a research report on Tuesday, August 29th. FBR & Co restated a “buy” rating and set a $29.00 price target on shares of National General Holdings Corp in a report on Monday, September 18th. BidaskClub upgraded shares of National General Holdings Corp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet downgraded shares of National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. National General Holdings Corp presently has a consensus rating of “Hold” and an average target price of $26.40.

National General Holdings Corp (NASDAQ NGHC) opened at $20.75 on Tuesday. The firm has a market cap of $2,261.42, a price-to-earnings ratio of 20.58 and a beta of 1.33. National General Holdings Corp has a twelve month low of $16.21 and a twelve month high of $26.99.

National General Holdings Corp (NASDAQ:NGHC) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. National General Holdings Corp had a net margin of 2.62% and a return on equity of 7.30%. National General Holdings Corp’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. equities analysts forecast that National General Holdings Corp will post 0.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, December 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.77%. National General Holdings Corp’s dividend payout ratio is currently 16.49%.

TRADEMARK VIOLATION WARNING: “National General Holdings Corp (NGHC) Shares Bought by Boston Partners” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/11/14/national-general-holdings-corp-nghc-shares-bought-by-boston-partners.html.

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.

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

Receive News & Ratings for National General Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National General Holdings Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply