Royal Bank of Canada raised its stake in shares of National General Holdings Corp. (NASDAQ:NGHC) by 22.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,661,930 shares of the company’s stock after buying an additional 683,518 shares during the period. Royal Bank of Canada owned 3.46% of National General Holdings Corp. worth $79,061,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Panagora Asset Management Inc. increased its stake in shares of National General Holdings Corp. by 2.1% in the first quarter. Panagora Asset Management Inc. now owns 331,839 shares of the company’s stock valued at $7,164,000 after buying an additional 6,772 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in National General Holdings Corp. by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,703 shares of the company’s stock worth $620,000 after buying an additional 1,282 shares in the last quarter. Legal & General Group Plc increased its stake in National General Holdings Corp. by 21.1% in the first quarter. Legal & General Group Plc now owns 6,128 shares of the company’s stock worth $131,000 after buying an additional 1,068 shares in the last quarter. Renaissance Technologies LLC increased its stake in National General Holdings Corp. by 106.9% in the first quarter. Renaissance Technologies LLC now owns 264,600 shares of the company’s stock worth $5,713,000 after buying an additional 136,700 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in National General Holdings Corp. by 1.5% in the first quarter. Wellington Management Group LLP now owns 401,190 shares of the company’s stock worth $8,662,000 after buying an additional 6,019 shares in the last quarter.
National General Holdings Corp. (NASDAQ:NGHC) traded up 0.43% on Wednesday, reaching $20.89. The company had a trading volume of 82,101 shares. The stock’s 50-day moving average price is $21.16 and its 200-day moving average price is $20.86. National General Holdings Corp. has a 12-month low of $17.52 and a 12-month high of $23.67. The stock has a market capitalization of $2.21 billion and a P/E ratio of 15.52.
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.12 annualized dividend and a yield of 0.58%.
NGHC has been the subject of a number of research reports. Zacks Investment Research raised National General Holdings Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. FBR & Co reissued a “buy” rating and set a $29.00 target price on shares of National General Holdings Corp. in a report on Monday, April 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. National General Holdings Corp. currently has a consensus rating of “Buy” and an average target price of $25.13.
National General Holdings Corp. is a 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.
