National General Holdings Receives a Buy from KBW

By Ryan Adsit

In a report released yesterday, Meyer Shields from KBW reiterated a Buy rating on National General Holdings (NASDAQ: NGHC), with a price target of $27. The company’s shares closed yesterday at $21.69.

According to, Shields is a 4-star analyst with an average return of 6.6% and a 76.5% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Infinity Property and Casualty, and American International Group.

National General Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $28.

Based on National General Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.1 billion and quarterly net profit of $41.99 million. In comparison, last year the company earned revenue of $776 million and had a net profit of $56.83 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NGHC in relation to earlier this year. Most recently, in April 2017, Thomas Newgarden, the EVP of NGHC sold 40,100 shares for a total of $948,766.

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National General Holdings Corp. is a specialty personal lines insurance holding company, which engages in the provision of insurance products. The firm’s products include personal and commercial automobile insurance; health insurance products; and other niche insurance products. It operates through the following business segments: Property and Casualty (P&C); Accident and Health (A&H); and Corporte and Other. The P&C segment operates its business through the following distribution channels: agency, affinity, and direct. The A&H segment offers accident and non-major medical health insurance products. The Corporate and Other segment represents the activities of the holding company. The company was founded by Michael Karfunkel in 2009 and is headquartered in New York, NY.