B. Riley Weighs in on National General Holdings Corp’s Q2 2018 Earnings (NGHC)

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National General Holdings Corp (NASDAQ:NGHC) – Analysts at B. Riley issued their Q2 2018 EPS estimates for shares of National General Holdings Corp in a research report issued on Thursday. B. Riley analyst R. Binner expects that the insurance provider will post earnings of $0.54 per share for the quarter. B. Riley currently has a “Buy” rating and a $29.00 target price on the stock.

National General Holdings Corp (NASDAQ:NGHC) last issued its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. National General Holdings Corp had a return on equity of 7.34% and a net margin of 2.62%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. “B. Riley Weighs in on National General Holdings Corp’s Q2 2018 Earnings (NGHC)” was first posted by GBand is of DT GB gearsofbiz this story United States and The of this story 2017/11/10/b-riley-weighs-in-on-national-general-holdings-corps-q2-2018-earnings-nghc

A number of other equities research analysts also recently weighed in on NGHC. BidaskClub downgraded National General Holdings Corp from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Morgan Stanley reduced their target price on 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 downgraded National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. TheStreet downgraded National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of National General Holdings Corp in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. National General Holdings Corp currently has an average rating of “Hold” and a consensus price target of $26.40.

Shares of National General Holdings Corp (NASDAQ NGHC) traded down $0.66 during mid-day trading on Friday, hitting $21.08. The company’s stock had a trading volume of 121,856 shares, compared to its average volume of 265,192. The firm has a market cap of $2,197.42, a P/E ratio of 20.00 and a beta of 1.33. National General Holdings Corp has a 52-week low of $16.21 and a 52-week high of $26.99.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 29th. National General Holdings Corp’s dividend payout ratio is presently 16.49%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its holdings in shares of National General Holdings Corp by 26.0% during the 2nd quarter. First Trust Advisors LP now owns 107,090 shares of the insurance provider’s stock valued at $2,260,000 after acquiring an additional 22,109 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of National General Holdings Corp by 5.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 241,138 shares of the insurance provider’s stock valued at $5,089,000 after acquiring an additional 12,235 shares in the last quarter. Virginia Retirement Systems ET AL boosted its holdings in shares of National General Holdings Corp by 110.2% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 75,900 shares of the insurance provider’s stock valued at $1,601,000 after acquiring an additional 39,800 shares in the last quarter. LSV Asset Management boosted its holdings in shares of National General Holdings Corp by 60.1% during the 2nd quarter. LSV Asset Management now owns 187,986 shares of the insurance provider’s stock valued at $3,966,000 after acquiring an additional 70,600 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of National General Holdings Corp by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 4,118,335 shares of the insurance provider’s stock valued at $97,851,000 after acquiring an additional 180,570 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for National General Holdings Corp (NASDAQ:NGHC)




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