National Interstate Corporation (NATL) was Downgraded by Raymond James to ” Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Apr 15, 2016.
National Interstate Corporation opened for trading at $31.05 and hit $31.39 on the upside on Monday, eventually ending the session at $30.73, with a gain of 1.02% or 0.31 points. The heightened volatility saw the trading volume jump to 23,831 shares. Company has a market cap of $612 M.
In a different news, on Dec 10, 2015, Anthony J Mercurio (President & COO) sold 5,940 shares at $26.45 per share price. According to the SEC, on Aug 26, 2015, Julie A Mcgraw (VP & Chief Financial Officer) sold 9,520 shares at $26.90 per share price.
National Interstate Corporation and its subsidiaries operate as an insurance holding company that underwrites and sells traditional and alternative property and casualty insurance products primarily to the passenger transportation trucking and moving and storage industries general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles throughout the United States. The Company is a specialty property and casualty insurance company with a focus on the transportation industry. The Company offers approximately 40 product lines in the specialty property and casualty insurance market which it groups into four general business components alternative risk transfer (ART) transportation specialty personal lines and Hawaii and Alaska based on the class of business insureds’ risk participation or geographic location.