The stock of National General Holdings Corp (NASDAQ:NGHC) hit a new 52-week low and has $18.84 target or 6.00% below today’s $20.04 share price. The 7 months bearish chart indicates high risk for the $2.11B company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $18.84 price target is reached, the company will be worth $126.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 258,711 shares traded hands or 33.00% up from the average. National General Holdings Corp (NASDAQ:NGHC) has declined 6.07% since April 1, 2016 and is downtrending. It has underperformed by 7.28% the S&P500.
Analysts await National General Holdings Corp (NASDAQ:NGHC) to report earnings on November, 7. They expect $0.49 earnings per share, up 13.95% or $0.06 from last year’s $0.43 per share. NGHC’s profit will be $51.59 million for 10.22 P/E if the $0.49 EPS becomes a reality. After $0.43 actual earnings per share reported by National General Holdings Corp for the previous quarter, Wall Street now forecasts 13.95% EPS growth.
According to Zacks Investment Research, “National General Holdings Corp. is a specialty personal lines insurance holding company. The Company, through its subsidiaries, provides personal and commercial automobile insurance, recreational vehicle and motorcycle insurance, supplemental health insurance products and other niche insurance products. It operates in two segments, Property and Casualty and Accident and Health. The Property and Casualty segment offers standard and preferred automobile and sub-standard automobile insurance policies; Recreational vehicle insurance policies; commercial automobile insurance policies; and motorcycle insurance policies for various types of motorcycles, as well as golf carts and all-terrain vehicles. The Accident and Health segment provides accident and non-major medical health insurance products. National General Holdings Corp. is headquartered in New York.”
Insitutional Activity: The institutional sentiment increased to 1.64 in Q2 2016. Its up 0.21, from 1.43 in 2016Q1. The ratio is positive, as 9 funds sold all National General Holdings Corp shares owned while 38 reduced positions. 31 funds bought stakes while 46 increased positions. They now own 44.09 million shares or 0.45% more from 43.89 million shares in 2016Q1.
Alliancebernstein Limited Partnership holds 0% of its portfolio in National General Holdings Corp (NASDAQ:NGHC) for 86,400 shares. The New York-based Corsair Capital Management Ltd Partnership has invested 0.57% in National General Holdings Corp (NASDAQ:NGHC). Moreover, Martingale Asset Lp has 0.03% invested in National General Holdings Corp (NASDAQ:NGHC) for 87,815 shares. Creative Planning, a Kansas-based fund reported 650 shares. Msd Prtnrs Ltd Partnership has 1.16M shares for 1.62% of their US portfolio. California Employees Retirement System has 327,400 shares for 0.01% of their US portfolio. 1St Global has 37,128 shares for 0.11% of their US portfolio. Mckinley Capital Mgmt Ltd Liability Co Delaware holds 281,877 shares or 0.29% of its portfolio. Putnam Ltd Liability Co, a Massachusetts-based fund reported 194,149 shares. Rhumbline Advisers reported 51,456 shares or 0% of all its holdings. First Manhattan Commerce holds 0% or 100 shares in its portfolio. Jpmorgan Chase And has 34,121 shares for 0% of their US portfolio. Opus Capital Gru Ltd, a Ohio-based fund reported 211,183 shares. Swiss Financial Bank has 0% invested in the company for 98,322 shares. Advisors Asset Mgmt last reported 5,845 shares in the company.
More notable recent National General Holdings Corp (NASDAQ:NGHC) news were published by: Nasdaq.com which released: “National General Holdings is Now Oversold (NGHC)” on November 03, 2016, also Globenewswire.com with their article: “National General Holdings Corp. to Announce 2016 Third Quarter Results on …” published on October 10, 2016, Globenewswire.com published: “National General Holdings Corp. Announces Agreement to Acquire Standard Mutual …” on January 27, 2016. More interesting news about National General Holdings Corp (NASDAQ:NGHC) were released by: Money.Cnn.com and their article: “National General Holdings Corp. Announces Agreement to Acquire Century …” published on January 25, 2016 as well as Globenewswire.com‘s news article titled: “National General Holdings Corp. Announces Closing of Acquisition of Standard …” with publication date: October 07, 2016.
NGHC Company Profile
National General Holdings Corp., incorporated on October 2, 2009, is a specialty 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. It operates through two divisions: Property and Casualty (P&C) and Accident and Health (A&H). The Company’s P&C segment offers its P&C insurance products through a network of agents, a number of affinity partners and through direct-response marketing programs. The Company’s A&H segment provides accident and non-major medical health insurance products targeting its existing P&C policyholders and the anticipated market of employed persons who are uninsured or underinsured. The Company’s automobile insurance products protect its clients against losses due to physical damage to their motor vehicles, bodily injury and liability to others for personal injury or property damage arising out of auto accidents. The Company’s homeowners and umbrella insurance products protect its clients against losses to dwellings and contents from a range of perils, as well as coverage for personal liability.
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