In a report issued on November 13, Randy Binner from B.Riley FBR maintained a Buy rating on National General Holdings (NGHC), with a price target of $36.00. The company’s shares closed last Monday at $21.12, close to its 52-week low of $20.36.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.2% and a 65.7% success rate. Binner covers the Financial sector, focusing on stocks such as Federal National Mortgage Association, American Equity Investment Life, and Health Insurance Innovations.
National General Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $36.00.
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Based on National General Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $71.15 million. In comparison, last year the company had a net profit of $68.38 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NGHC in relation to earlier this year.
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National General Holdings Corp. is a specialty personal lines insurance company, which engages in the provision of specialty personal lines insurance products. The firm’s products include personal and commercial automobile insurance; health insurance products; and other niche insurance products.
