Peregrine Capital Management LLC Takes Position in National General Holdings Corp (NASDAQ:NGHC)

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Peregrine Capital Management LLC bought a new stake in shares of National General Holdings Corp (NASDAQ:NGHC) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 211,581 shares of the insurance provider’s stock, valued at approximately $4,572,000. Peregrine Capital Management LLC owned approximately 0.19% of National General as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advisor Group Inc. boosted its position in shares of National General by 190.9% during the 4th quarter. Advisor Group Inc. now owns 1,312 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 861 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of National General during the 1st quarter valued at about $41,000. WASHINGTON TRUST Co bought a new position in National General during the 1st quarter valued at about $50,000. KBC Group NV bought a new position in National General during the 1st quarter valued at about $97,000. Finally, Advisor Group Holdings Inc. bought a new position in National General during the 1st quarter valued at about $99,000. Institutional investors and hedge funds own 52.66% of the company’s stock.

Shares of NASDAQ NGHC opened at $33.99 on Friday. National General Holdings Corp has a 1-year low of $11.82 and a 1-year high of $34.48. The company has a market cap of $3.87 billion, a PE ratio of 12.18 and a beta of 0.86. The company has a 50-day moving average of $26.79 and a two-hundred day moving average of $21.05.

National General (NASDAQ:NGHC) last posted its quarterly earnings results on Friday, July 31st. The insurance provider reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.55. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.36 billion. National General had a net margin of 6.60% and a return on equity of 16.97%. National General’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. As a group, research analysts expect that National General Holdings Corp will post 3.22 earnings per share for the current year.

Several equities analysts recently issued reports on NGHC shares. TheStreet raised shares of National General from a “c” rating to a “b-” rating in a report on Tuesday, June 16th. BidaskClub raised shares of National General from a “sell” rating to a “hold” rating in a report on Tuesday, May 19th. William Blair downgraded shares of National General from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 8th. JMP Securities downgraded shares of National General from an “outperform” rating to a “market perform” rating in a report on Thursday, July 9th. Finally, B. Riley boosted their target price on shares of National General from $28.00 to $34.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.83.

National General Company Profile

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.

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Institutional Ownership by Quarter for National General (NASDAQ:NGHC)

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