National General Holdings Corp (NGHC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of National General Holdings Corp (NASDAQ:NGHC) by 54.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 35,325 shares of the insurance provider’s stock after selling 42,996 shares during the period. JPMorgan Chase & Co.’s holdings in National General Holdings Corp were worth $745,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NGHC. BNP Paribas Arbitrage SA grew its holdings in shares of National General Holdings Corp by 530.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock worth $119,000 after buying an additional 4,765 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of National General Holdings Corp during the second quarter worth $143,000. Comerica Bank purchased a new stake in shares of National General Holdings Corp during the second quarter worth $217,000. Nomura Holdings Inc. purchased a new stake in shares of National General Holdings Corp during the first quarter worth $310,000. Finally, Legal & General Group Plc grew its holdings in shares of National General Holdings Corp by 2.1% during the second 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. Institutional investors own 45.92% of the company’s stock.

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Shares of National General Holdings Corp (NASDAQ:NGHC) opened at 20.51 on Friday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 27.72 and a beta of 1.32. National General Holdings Corp has a 12-month low of $16.21 and a 12-month high of $26.99. The stock’s 50 day moving average is $18.78 and its 200-day moving average is $20.53.

National General Holdings Corp (NASDAQ:NGHC) last released its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.28). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $966.51 million. National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The company’s quarterly revenue was up 36.2% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Equities analysts anticipate that National General Holdings Corp will post $1.00 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Sunday, October 1st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

A number of research firms have recently issued reports on NGHC. BidaskClub lowered shares of National General Holdings Corp from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Morgan Stanley dropped their target price on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 target price on shares of National General Holdings Corp in a report on Tuesday, July 25th. Finally, FBR & Co reaffirmed a “buy” rating and set a $29.00 target price on shares of National General Holdings Corp in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.75.

In other news, CEO Barry Karfunkel purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $18.25 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at ILLEGAL ACTIVITY WARNING: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/22/national-general-holdings-corp-nghc-shares-sold-by-jpmorgan-chase-co.html.

Shares of National General Holdings Corp (NASDAQ:NGHC) opened at 20.51 on Friday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 27.72 and a beta of 1.32. National General Holdings Corp has a 12-month low of $16.21 and a 12-month high of $26.99. The stock’s 50 day moving average is $18.78 and its 200-day moving average is $20.53.

National General Holdings Corp (NASDAQ:NGHC) last released its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.28). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $966.51 million. National General Holdings Corp had a return on equity of 7.80% and a net margin of 2.13%. The company’s quarterly revenue was up 36.2% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Equities analysts anticipate that National General Holdings Corp will post $1.00 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Sunday, October 1st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

A number of research firms have recently issued reports on NGHC. BidaskClub lowered shares of National General Holdings Corp from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of National General Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Morgan Stanley dropped their target price on shares of National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 target price on shares of National General Holdings Corp in a report on Tuesday, July 25th. Finally, FBR & Co reaffirmed a “buy” rating and set a $29.00 target price on shares of National General Holdings Corp in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.75.

In other news, CEO Barry Karfunkel purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $18.25 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.43% of the company’s stock.

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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