National General (NASDAQ:NGHC) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Share on StockTwits

National General (NASDAQ:NGHC) announced its quarterly earnings data on Thursday. The insurance provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.13, Briefing.com reports. National General had a net margin of 6.55% and a return on equity of 17.27%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year.

Shares of NGHC opened at $22.00 on Friday. The stock has a market cap of $2.43 billion, a P/E ratio of 8.12 and a beta of 0.59. The company has a 50-day moving average of $22.18 and a two-hundred day moving average of $22.50. National General has a 12-month low of $20.08 and a 12-month high of $26.73.

NGHC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of National General from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. ValuEngine upgraded shares of National General from a “sell” rating to a “hold” rating in a research note on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.50.

About National General

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States, Bermuda, Luxembourg, and Sweden. The company's Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

Read More: Asset Allocation, Balancing Your Investments

Earnings History for National General (NASDAQ:NGHC)

Receive News & Ratings for National General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National General and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.