National General Holdings Corp (NASDAQ:NGHC) Holdings Lifted by Northern Trust Corp

Northern Trust Corp grew its position in National General Holdings Corp (NASDAQ:NGHC) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,104,132 shares of the insurance provider’s stock after purchasing an additional 34,895 shares during the period. Northern Trust Corp owned about 1.03% of National General worth $26,731,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of NGHC. Parkside Financial Bank & Trust lifted its position in National General by 37.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,968 shares of the insurance provider’s stock worth $48,000 after buying an additional 535 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in National General by 2.6% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 60,085 shares of the insurance provider’s stock valued at $1,455,000 after purchasing an additional 1,542 shares during the period. Teachers Advisors LLC lifted its position in National General by 1.7% during the 3rd quarter. Teachers Advisors LLC now owns 120,295 shares of the insurance provider’s stock valued at $3,229,000 after purchasing an additional 2,043 shares during the period. IndexIQ Advisors LLC lifted its position in National General by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 93,511 shares of the insurance provider’s stock valued at $2,510,000 after purchasing an additional 3,532 shares during the period. Finally, Legal & General Group Plc lifted its position in National General by 21.8% during the 3rd quarter. Legal & General Group Plc now owns 23,949 shares of the insurance provider’s stock valued at $643,000 after purchasing an additional 4,283 shares during the period. Institutional investors own 52.42% of the company’s stock.

NASDAQ NGHC traded down $0.05 during trading hours on Friday, reaching $23.92. 104,028 shares of the company’s stock were exchanged, compared to its average volume of 183,923. National General Holdings Corp has a one year low of $21.22 and a one year high of $28.89. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 11.44 and a beta of 0.70.

National General (NASDAQ:NGHC) last posted its earnings results on Monday, February 25th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). National General had a return on equity of 15.88% and a net margin of 4.33%. During the same period in the prior year, the firm earned $0.28 EPS. Analysts anticipate that National General Holdings Corp will post 2.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, March 29th. National General’s dividend payout ratio (DPR) is currently 7.66%.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of National General from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research raised National General from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, March 7th. JMP Securities reaffirmed a “buy” rating and issued a $33.00 price target on shares of National General in a research note on Wednesday, February 27th. Goldman Sachs Group started coverage on National General in a research note on Tuesday, February 19th. They issued a “neutral” rating and a $27.00 price target for the company. Finally, B. Riley upped their price target on National General from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.57.

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About National General

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States, Bermuda, Luxembourg, and Sweden. The company's Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

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

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