National General Holdings Corp (NASDAQ:NGHC) Closed 8.3% Above Its 50 Day Moving Average


The stock last traded at $20.44 which is just a bit higher than the 50 day moving average of $18.88 and which is just a bit below the 200 day moving average of $20.46. The 50 day moving average moved up $1.56 and the 200 day average moved down $-0.02. Trading volume for National General Holdings Corp was 134K in the last trading session. Shares saw a steep decrease in trading volume of 47.74% under the normal average daily volume.

Traders are more bullish on shares of the company if you take note of the motion in short interest. The stock recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -22.26%. Short interest fell from 1,069,757 to 831,614 over that timeframe. The short-interest ratio decreased to 2.0 and the percentage of shorted shares was 0.01% on September 29.

Here is a rundown on some insider market activity for National General Holdings Corp (NASDAQ:NGHC). CEO Barry Karfunkel disclosed the purchase of 25,000 shares. The shares were purchased at an average price of $18.25. The CEO now owns $2,008,832 of the stock per the Form 4 SEC filing.

Here are a few substantial investment firms who have updated their positions. Ubs Group Ag trimmed its position by shedding 167 shares a decrease of 61.6% as of 06/30/2017. Ubs Group Ag currently owns 104 shares with a value of $2,000. The value of the position overall is down by 66.7%. Pacad Investment Ltd. bolstered its ownership by buying 4,900 shares an increase of 257.9% from 06/30/2016 to 06/30/2017. Pacad Investment Ltd. now holds 6,800 shares worth $143,000. The total value of its holdings increased 248.8%.

As of the end of the quarter Fj Capital Management LLC had sold 64,400 shares trimming its holdings by 58.7%. The value of the total investment in National General Holdings Corp went from $2,607,000 to $957,000 a change of $1,650,000 since the last quarter. As of quarter end Cutler Group LP had acquired a total of 100 shares growing its position 33.3%. The value of the company’s investment in National General Holdings Corp decreased from $0 to $0 a change of nan% quarter over quarter.

The company is so far trading down by 0.34%% since yesterday’s close of 20.51. Additionally the company recently announced a dividend for shareholders paid on Monday the 17th of July 2017. The dividend payment was $0.040 per share for the quarter or $0.16 annualized. This dividend represents a yield of $0.78. The ex-dividend date was Thursday the 28th of September 2017.

National General Holdings Corp’s P/E ratio is 27.62 and the market value is 2.18B. In the last earnings report the EPS was $0.74 and is projected to be $1.00 for the current year with 106,645,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.43 with next year’s EPS anticipated to be $2.21.

National General Holdings Corp., launched 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 segments: Property and Casualty (P&C) and Accident and Health (A&H). Its 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. Its 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. Its automobile insurance products protect its customers 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. Its homeowners and umbrella insurance products protect its customers against losses to dwellings and contents from a range of perils, as well as coverage for personal liability..