National General (NGHC) Set to Announce Quarterly Earnings on Monday

National General (NASDAQ:NGHC) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

National General (NASDAQ:NGHC) last posted its quarterly earnings data on Monday, February 25th. The insurance provider reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. National General had a return on equity of 15.88% and a net margin of 4.33%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company earned $0.28 EPS. On average, analysts expect National General to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NASDAQ NGHC opened at $24.89 on Friday. National General has a one year low of $21.22 and a one year high of $28.89. The firm has a market capitalization of $2.79 billion, a P/E ratio of 11.91 and a beta of 0.71.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.64%. The ex-dividend date was Friday, March 29th. National General’s dividend payout ratio is currently 7.66%.

NGHC has been the subject of several recent research reports. B. Riley increased their price objective on National General from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Zacks Investment Research raised National General from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, March 7th. BidaskClub raised National General from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. JMP Securities reissued a “buy” rating and issued a $33.00 price objective on shares of National General in a research note on Wednesday, February 27th. Finally, Compass Point initiated coverage on National General in a research note on Wednesday, March 20th. They issued a “buy” rating and a $34.00 price objective for the company. 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 stock. National General has a consensus rating of “Hold” and an average price target of $30.57.

In related news, CFO Michael Hal Weiner sold 5,110 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $24.53, for a total value of $125,348.30. Following the completion of the transaction, the chief financial officer now directly owns 35,094 shares of the company’s stock, valued at approximately $860,855.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.38% of the stock is currently owned by corporate insiders.

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National General Company Profile

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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Earnings History for National General (NASDAQ:NGHC)

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