National General Holdings Corp (NASDAQ:NGHC) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of National General Holdings Corp (NASDAQ:NGHC) by 26.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,090 shares of the insurance provider’s stock after acquiring an additional 22,109 shares during the quarter. First Trust Advisors LP owned 0.10% of National General Holdings Corp worth $2,260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in National General Holdings Corp by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 1,358,467 shares of the insurance provider’s stock valued at $32,267,000 after purchasing an additional 32,314 shares during the period. Vanguard Group Inc. boosted its stake in shares of National General Holdings Corp by 4.6% in the first quarter. Vanguard Group Inc. now owns 4,118,335 shares of the insurance provider’s stock worth $97,851,000 after acquiring an additional 180,570 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of National General Holdings Corp in the first quarter worth approximately $518,000. Teachers Advisors LLC boosted its stake 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 acquiring an additional 3,692 shares during the last quarter. Finally, RE Advisers Corp boosted its stake in shares of National General Holdings Corp by 25.7% in the first quarter. RE Advisers Corp now owns 1,248,549 shares of the insurance provider’s stock worth $29,666,000 after acquiring an additional 255,249 shares during the last quarter. 45.97% of the stock is currently owned by institutional investors.

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In related news, COO Peter A. Rendall sold 30,901 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $21.06, for a total transaction of $650,775.06. Following the sale, the chief operating officer now directly owns 126 shares in the company, valued at $2,653.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Barry Karfunkel bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $18.25 per share, with a total value of $456,250.00. Following the transaction, the chief executive officer now owns 110,073 shares of the company’s stock, valued at approximately $2,008,832.25. The disclosure for this purchase can be found here. Corporate insiders own 3.43% of the company’s stock.

National General Holdings Corp (NASDAQ:NGHC) opened at 17.69 on Friday. The company’s 50-day moving average price is $18.31 and its 200 day moving average price is $21.28. National General Holdings Corp has a 1-year low of $16.21 and a 1-year high of $26.99. The firm has a market capitalization of $1.89 billion, a PE ratio of 23.91 and a beta of 1.28.

National General Holdings Corp (NASDAQ:NGHC) last issued its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $966.51 million. During the same period in the prior year, the company posted $0.41 earnings per share. National General Holdings Corp’s quarterly revenue was up 36.2% compared to the same quarter last year. On average, equities analysts anticipate that National General Holdings Corp will post $1.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Sunday, October 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.90%. National General Holdings Corp’s dividend payout ratio is currently 22.22%.

A number of equities 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. 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 research report on Thursday, August 10th. Zacks Investment Research downgraded National General Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. TheStreet downgraded National General Holdings Corp from a “b-” rating to a “c” rating in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 price objective on shares of National General Holdings Corp in a report on Tuesday, August 29th. One investment 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. The stock has a consensus rating of “Hold” and a consensus target price of $24.67.

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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