Talkot Capital Lowers stake in National General Holdings Corp (NGHC)

National General Holdings Corp (NGHC) : Talkot Capital reduced its stake in National General Holdings Corp by 25.26% during the most recent quarter end. The investment management company now holds a total of 650,000 shares of National General Holdings Corp which is valued at $13.8 Million after selling 219,696 shares in National General Holdings Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.National General Holdings Corp makes up approximately 20.26% of Talkot Capital’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp added NGHC to its portfolio by purchasing 50,139 company shares during the most recent quarter which is valued at $1.1 Million.Credit Agricole S A boosted its stake in NGHC in the latest quarter, The investment management firm added 361,000 additional shares and now holds a total of 390,000 shares of National General Holdings Corp which is valued at $8.3 Million. National General Holdings Corp makes up approx 0.04% of Credit Agricole S A’s portfolio. Zebra Capital Management added NGHC to its portfolio by purchasing 103,105 company shares during the most recent quarter which is valued at $2.2 Million. National General Holdings Corp makes up approx 0.89% of Zebra Capital Management’s portfolio. Tfs Capital added NGHC to its portfolio by purchasing 13,382 company shares during the most recent quarter which is valued at $284,635. National General Holdings Corp makes up approx 0.04% of Tfs Capital’s portfolio.

National General Holdings Corp closed down -0.02 points or -0.10% at $20.83 with 3,59,592 shares getting traded on Wednesday. Post opening the session at $20.95, the shares hit an intraday low of $20.77 and an intraday high of $21.01 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, National General Holdings Corp reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.40. The company had revenue of $776.00 million for the quarter, compared to analysts expectations of $702.95 million. The company’s revenue was up 49.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Investors should note that on May 18, 2016, National General Holdings Corp announced a cash dividend of $0.0300. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.

Many Wall Street Analysts have commented on National General Holdings Corp. Keefe Bruyette Initiated National General Holdings Corp on Feb 26, 2016 to “Outperform”, Price Target of the shares are set at $26.

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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