Keefe Bruyette & Woods Maintains National General Holdings Corp to Outperform with Price Target $27.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on National General Holdings Corp(NASDAQ:NGHC). In a research note issued to the investors, the brokerage major Raises the price-target to $27.00 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Aug 3, 2016.

National General Holdings Corp (NGHC) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.18% at a volume of 87,633. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.345. The peak price level was also seen at $22.345 while the days lowest was $22.14. Finally the shares closed at $22.29. The 52-week high of the shares is $22.7725 while the 52-week low is $17.52. According to the latest information available, the market cap of the company is $2,361 M.

National General Holdings Corp(NGHC) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $712.94M. Analysts had an estimated revenue of $791.31M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, Peter A. Rendall (COO and Treasurer) sold 26,359 shares at $20.94 per share price.Also, On Mar 10, 2016, Thomas Newgarden (Executive Vice President) sold 54,905 shares at $20.19 per share price.On Jul 14, 2015, Byron Storms (President – P&C) sold 16,500 shares at $22.58 per share price, according to the Form-4 filing with the securities and exchange commission.

National General Holdings Corp. is a specialty personal lines insurance holding company. Through its subsidiaries the Company provides a variety of insurance products including personal and commercial automobile supplemental health homeowners and umbrella and other niche products. It operates in two segments: Property and Casualty (P&C) and Accident and Health (A&H). Its P&C insurance segment products protect its customers against losses due to physical damage to motor vehicles bodily injury and liability to others for personal injury or property damage arising out of auto accidents. Its A&H segment provides accident and non-major medical health insurance products targeting its existing P&C policyholders. Approximately 84% of its P&C premium written is originated in 11 core states including New York North Carolina California Michigan New Jersey Florida Connecticut Texas Louisiana Virginia and Massachusetts.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

National General Holdings Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on National General Holdings Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.