Revenue Update on National General Holdings Corp(NASDAQ:NGHC)

National General Holdings Corp(NASDAQ:NGHC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $712.94M. Analysts estimated a revenue of $791.31M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.39.

National General Holdings Corp (NGHC) made into the market gainers list on Mondays trading session with the shares advancing 0.64% or 0.14 points. Due to strong positive momentum, the stock ended at $21.98, which is also near the day’s high of $22.04. The stock began the session at $21.85 and the volume stood at 1,19,116 shares. The 52-week high of the shares is $22.7725 and the 52 week low is $17.52. The company has a current market capitalization of $2,328 M and it has 10,59,32,281 shares in outstanding.

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.

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