Large Inflow of Money Witnessed in National General Holdings Corp

National General Holdings Corp (NASDAQ:NGHC) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $0.78 million worth of transactions were on upticks, whereas, the downticks accounted for $0.19 million worth of transactions. The net money flow was a positive $0.59 million and the uptick to downtick ratio was 4.17. The net money flow into the stock was $0.66 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.66 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. National General Holdings Corp (NASDAQ:NGHC) was trading at $20.57, down $0.04 during day. The stock slid -0.19% over the previous days close. For the week, the stock recorded -1.48% over the previous weeks close.


In an insider trading activity,The officer (COO and Treasurer) of National General Holdings Corp., Rendall Peter A. sold 26,359 shares at $20.94 on March 16, 2016. The Insider selling transaction had a total value worth of $551,957. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 14.1% of National General Holdings Corp shares according to the proxy statements. Institutional Investors own 41.52% of National General Holdings Corp shares.

The company shares have dropped -1.53% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $23.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $21.19 and the 200 Day Moving Average price is recorded at $20.90. National General Holdings Corp (NASDAQ:NGHC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.75 and $20.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.85, notching a gain of 1.02% for the day. The total traded volume was 387,549 . The stock had closed at $20.64 on the previous day.

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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