National General Holdings Corp (NGHC) to Post FY2017 Earnings of $0.90 Per Share, B. Riley Forecasts

National General Holdings Corp (NASDAQ:NGHC) – B. Riley issued their FY2017 earnings per share (EPS) estimates for shares of National General Holdings Corp in a research note issued on Thursday. B. Riley analyst R. Binner expects that the insurance provider will post earnings per share of $0.90 for the year. B. Riley currently has a “Buy” rating and a $29.00 target price on the stock. B. Riley also issued estimates for National General Holdings Corp’s Q4 2017 earnings at $0.17 EPS, Q1 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.50 EPS and Q4 2018 earnings at $0.41 EPS.

National General Holdings Corp (NASDAQ:NGHC) last announced its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share.

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Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $27.00 price target on shares of National General Holdings Corp in a research note on Tuesday, July 25th. Zacks Investment Research raised National General Holdings Corp from a “strong sell” rating to a “hold” rating and set a $24.00 price objective on the stock in a report on Thursday, July 20th. BidaskClub raised National General Holdings Corp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. TheStreet lowered National General Holdings Corp from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley dropped their price objective on National General Holdings Corp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. National General Holdings Corp has a consensus rating of “Hold” and a consensus target price of $26.40.

Shares of National General Holdings Corp (NGHC) opened at $20.68 on Monday. The firm has a market capitalization of $2,213.42, a P/E ratio of 20.15 and a beta of 1.33. National General Holdings Corp has a 52 week low of $16.21 and a 52 week high of $26.99.

Institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. grew its stake in shares of National General Holdings Corp by 55.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,505,789 shares of the insurance provider’s stock valued at $47,886,000 after buying an additional 893,802 shares in the last quarter. Royal Bank of Canada grew its stake in shares of National General Holdings Corp by 22.8% in the second quarter. Royal Bank of Canada now owns 3,769,979 shares of the insurance provider’s stock valued at $79,546,000 after buying an additional 699,595 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of National General Holdings Corp by 40.1% in the third quarter. Schroder Investment Management Group now owns 1,661,359 shares of the insurance provider’s stock valued at $31,416,000 after buying an additional 475,428 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of National General Holdings Corp by 20.9% in the third quarter. Wells Fargo & Company MN now owns 2,581,523 shares of the insurance provider’s stock valued at $49,332,000 after buying an additional 446,473 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of National General Holdings Corp by 43.6% in the second quarter. Northern Trust Corp now owns 1,000,324 shares of the insurance provider’s stock valued at $21,107,000 after buying an additional 303,730 shares in the last quarter. Institutional investors own 45.56% of the company’s stock.

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

National General Holdings Corp Company 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.

Earnings History and Estimates for National General Holdings Corp (NASDAQ:NGHC)

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