IndexIQ Advisors LLC Has $697,000 Position in National General Holdings Corp (NGHC)

IndexIQ Advisors LLC lifted its holdings in National General Holdings Corp (NASDAQ:NGHC) by 83.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,480 shares of the insurance provider’s stock after buying an additional 16,559 shares during the quarter. IndexIQ Advisors LLC’s holdings in National General Holdings Corp were worth $697,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Legal & General Group Plc boosted its stake in shares of National General Holdings Corp by 2.1% in the second quarter. Legal & General Group Plc now owns 16,897 shares of the insurance provider’s stock valued at $357,000 after buying an additional 352 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of National General Holdings Corp by 1.3% in the first quarter. Principal Financial Group Inc. now owns 34,772 shares of the insurance provider’s stock valued at $826,000 after buying an additional 462 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of National General Holdings Corp by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 40,099 shares of the insurance provider’s stock valued at $845,000 after buying an additional 669 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of National General Holdings Corp by 1.6% in the second quarter. Rhumbline Advisers now owns 57,281 shares of the insurance provider’s stock valued at $1,209,000 after buying an additional 886 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of National General Holdings Corp by 4.9% in the second quarter. Wedge Capital Management L L P NC now owns 22,470 shares of the insurance provider’s stock valued at $474,000 after buying an additional 1,054 shares in the last quarter. Hedge funds and other institutional investors own 45.56% of the company’s stock.

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A number of analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $29.00 price target on shares of National General Holdings Corp in a research note on Monday, November 6th. Zacks Investment Research upgraded National General Holdings Corp from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods restated a “buy” rating on shares of National General Holdings Corp in a research note on Friday, September 29th. FBR & Co reiterated a “buy” rating and set a $29.00 target price on shares of National General Holdings Corp in a research report on Monday, September 18th. Finally, Morgan Stanley decreased 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. National General Holdings Corp has an average rating of “Hold” and an average price target of $26.40.

Shares of National General Holdings Corp (NGHC) opened at $20.75 on Tuesday. National General Holdings Corp has a 12-month low of $16.21 and a 12-month high of $26.99. The stock has a market capitalization of $2,261.42, a price-to-earnings ratio of 20.58 and a beta of 1.33.

National General Holdings Corp (NASDAQ:NGHC) last released its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. National General Holdings Corp had a return on equity of 7.30% and a net margin of 2.62%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. analysts forecast that National General Holdings Corp will post 0.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, December 29th. National General Holdings Corp’s payout ratio is 16.49%.

About National General Holdings Corp

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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