Viking Fund Management Has Boosted By $336000 Its Duke Energy (DUK) Position; 9 Analysts …

Viking Fund Management Llc increased Duke Energy Corp (DUK) stake by 10.81% reported in 2017Q4 SEC filing. Viking Fund Management Llc acquired 4,000 shares as Duke Energy Corp (DUK)’s stock declined 8.40%. The Viking Fund Management Llc holds 41,000 shares with $3.45 million value, …

April 20, 2018 – By Peter Erickson

Duke Energy Corporation (NYSE:DUK) Logo

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. IberiaBank had 51 analyst reports since August 25, 2015 according to SRatingsIntel. On Tuesday, August 15 the stock rating was upgraded by PiperJaffray to “Overweight”. The rating was maintained by Jefferies with “Buy” on Monday, January 8. Jefferies maintained the shares of IBKC in report on Monday, October 23 with “Buy” rating. The stock of IBERIABANK Corporation (NASDAQ:IBKC) earned “Buy” rating by Stephens on Monday, July 31. As per Thursday, October 1, the company rating was upgraded by Sandler O’Neill. The stock of IBERIABANK Corporation (NASDAQ:IBKC) has “Hold” rating given on Friday, July 21 by Piper Jaffray. The firm earned “Overweight” rating on Thursday, October 5 by PiperJaffray. The rating was downgraded by Raymond James to “Hold” on Wednesday, December 20. The stock of IBERIABANK Corporation (NASDAQ:IBKC) has “Mkt Perform” rating given on Thursday, February 2 by JMP Securities. As per Monday, January 29, the company rating was maintained by Piper Jaffray. See IBERIABANK Corporation (NASDAQ:IBKC) latest ratings:

26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $99.0 Maintain

09/02/2018 Broker: Hovde Group Rating: Hold New Target: $85.0 Maintain

29/01/2018 Broker: Stephens Rating: Hold New Target: $90.0 Maintain

29/01/2018 Broker: Piper Jaffray Rating: Buy New Target: $95.0 Maintain

29/01/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $97.0 Maintain

08/01/2018 Broker: SunTrust Rating: Buy New Target: $96.0 Maintain

08/01/2018 Broker: Jefferies Rating: Buy New Target: $96.0 Maintain

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $90.0 Maintain

20/12/2017 Broker: SunTrust Rating: Buy New Target: $86.0 Maintain

20/12/2017 Broker: Raymond James Rating: Hold Downgrade

Viking Fund Management Llc increased Duke Energy Corp (DUK) stake by 10.81% reported in 2017Q4 SEC filing. Viking Fund Management Llc acquired 4,000 shares as Duke Energy Corp (DUK)’s stock declined 8.40%. The Viking Fund Management Llc holds 41,000 shares with $3.45 million value, up from 37,000 last quarter. Duke Energy Corp now has $56.68 billion valuation. The stock increased 0.31% or $0.24 during the last trading session, reaching $78.52. About 2.42 million shares traded. Duke Energy Corporation (NYSE:DUK) has declined 6.87% since April 20, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Viking Fund Management Llc decreased Propetro Holding stake by 20,000 shares to 1.00 million valued at $20.16 million in 2017Q4. It also reduced Cheniere Energy (NYSEMKT:LNG) stake by 20,000 shares and now owns 50,000 shares. Rsp Permian Inc (NYSE:RSPP) was reduced too.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.06, from 1.07 in 2017Q3. It improved, as 46 investors sold DUK shares while 352 reduced holdings. 100 funds opened positions while 348 raised stakes. 389.71 million shares or 0.49% less from 391.64 million shares in 2017Q3 were reported. Rodgers Brothers reported 4,707 shares. Bruce & Inc stated it has 347,788 shares. First Savings Bank owns 8,547 shares or 0.12% of their US portfolio. Eagle Ridge Invest Management owns 2,718 shares. Moreover, Assetmark has 0% invested in Duke Energy Corporation (NYSE:DUK). Oregon Pub Employees Retirement Fund has invested 0.1% in Duke Energy Corporation (NYSE:DUK). Moreover, Carret Asset Mngmt Ltd Llc has 0.15% invested in Duke Energy Corporation (NYSE:DUK) for 11,150 shares. John G Ullman Associate Inc has 0.75% invested in Duke Energy Corporation (NYSE:DUK) for 44,806 shares. Synovus Fincl Corporation holds 0.25% or 167,402 shares. Td Asset Mngmt has invested 0.2% of its portfolio in Duke Energy Corporation (NYSE:DUK). Old Second Bankshares Of Aurora holds 0.1% or 3,010 shares in its portfolio. First Finance Corporation In holds 12,288 shares. Timber Hill Lc has invested 0.21% of its portfolio in Duke Energy Corporation (NYSE:DUK). Tower Bridge Advisors accumulated 5,774 shares or 0.05% of the stock. Philadelphia Trust Company stated it has 0.6% in Duke Energy Corporation (NYSE:DUK).

Among 20 analysts covering Duke Energy (NYSE:DUK), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. Duke Energy had 87 analyst reports since August 7, 2015 according to SRatingsIntel. Credit Suisse upgraded Duke Energy Corporation (NYSE:DUK) on Tuesday, January 23 to “Outperform” rating. Mizuho maintained it with “Neutral” rating and $72 target in Monday, February 22 report. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, March 14. The company was initiated on Friday, September 18 by Citigroup. Guggenheim maintained Duke Energy Corporation (NYSE:DUK) on Tuesday, January 2 with “Buy” rating. As per Friday, February 19, the company rating was downgraded by JP Morgan. The rating was maintained by Deutsche Bank on Friday, November 6 with “Hold”. SunTrust maintained it with “Neutral” rating and $80 target in Monday, March 7 report. The rating was maintained by SunTrust on Tuesday, December 26 with “Hold”. The stock of Duke Energy Corporation (NYSE:DUK) has “Underperform” rating given on Tuesday, November 22 by Bank of America.

Investors sentiment decreased to 1.16 in Q4 2017. Its down 0.22, from 1.38 in 2017Q3. It dropped, as 29 investors sold IBERIABANK Corporation shares while 65 reduced holdings. 38 funds opened positions while 71 raised stakes. 45.24 million shares or 7.84% more from 41.95 million shares in 2017Q3 were reported. Guggenheim Capital Limited Company accumulated 106,104 shares. Tokio Marine Asset Limited reported 0.21% stake. Hodges Cap Management Inc holds 0.02% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC) for 3,000 shares. Moreover, Envestnet Asset Mgmt has 0% invested in IBERIABANK Corporation (NASDAQ:IBKC) for 979 shares. Seaward Mgmt Limited Partnership has invested 0.79% in IBERIABANK Corporation (NASDAQ:IBKC). Fmr Ltd Liability Corp holds 0.01% or 893,422 shares in its portfolio. Barclays Public Ltd Co stated it has 17,258 shares or 0% of all its holdings. Glenmede Tru Na invested in 0% or 2,180 shares. Boston Lc accumulated 42,931 shares or 0.07% of the stock. Ameriprise owns 0.01% invested in IBERIABANK Corporation (NASDAQ:IBKC) for 160,523 shares. Ubs Oconnor Limited Liability Corp accumulated 100,865 shares. Tower Research Ltd Llc (Trc) owns 12 shares. Glg Ptnrs L P reported 0.56% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Public Employees Retirement Systems Of Ohio accumulated 31,176 shares. Highbridge Mgmt Lc has invested 0.14% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC).

IBERIABANK Corporation operates as the bank holding firm for IBERIABANK that provides commercial and retail banking services and products in the United States. The company has market cap of $4.23 billion. It offers various commercial, consumer, mortgage, and private banking services and products; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities. It has a 30.26 P/E ratio. The firm also provides various title insurance and loan closing services for residential and commercial customers; one-to-four family residential mortgage loans; equity research, institutional sales and trading, and corporate finance services; and wealth management and trust advisory services to high net worth individuals, pension funds, firms, and trusts, as well as invests in a commercial rental property and purchased tax credits.

The stock increased 1.49% or $1.15 during the last trading session, reaching $78.4. About 367,962 shares traded or 2.97% up from the average. IBERIABANK Corporation (NASDAQ:IBKC) has risen 2.51% since April 20, 2017 and is uptrending. It has underperformed by 9.04% the S&P500.

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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Quest Resource Holding (QRHC) At $1.96 Forms Top; Castleark Management Has Increased …

Amalgamated Bancshares stated it has 9,879 shares. The Ontario – Canada-based Manufacturers Life Insur The has invested 0.01% in Eagle Materials Inc. (NYSE:EXP). Lodge Hill Capital Limited accumulated 447,930 shares. Westpac Corporation reported 30,840 shares or 0.08% of all its holdings.

April 20, 2018 – By Vivian Park

Eagle Materials Inc. (NYSE:EXP) Logo

Castleark Management Llc increased Eagle Materials Inc (EXP) stake by 11.07% reported in 2017Q4 SEC filing. Castleark Management Llc acquired 14,755 shares as Eagle Materials Inc (EXP)’s stock declined 6.85%. The Castleark Management Llc holds 148,025 shares with $16.77M value, up from 133,270 last quarter. Eagle Materials Inc now has $4.93B valuation. The stock decreased 1.52% or $1.56 during the last trading session, reaching $101.27. About 224,941 shares traded. Eagle Materials Inc. (NYSE:EXP) has risen 5.94% since April 20, 2017 and is uptrending. It has underperformed by 5.61% the S&P500.

Quest Resource Holding Corporation (QRHC) formed multiple top with $2.14 target or 9.00% above today’s $1.96 share price. Quest Resource Holding Corporation (QRHC) has $29.99 million valuation. The stock increased 3.16% or $0.06 during the last trading session, reaching $1.96. About 31,402 shares traded or 41.45% up from the average. Quest Resource Holding Corporation (NASDAQ:QRHC) has risen 4.46% since April 20, 2017 and is uptrending. It has underperformed by 7.09% the S&P500.

Among 11 analysts covering Eagle Materials (NYSE:EXP), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Eagle Materials had 32 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, July 26 by CL King. The rating was upgraded by CL King on Tuesday, October 4 to “Buy”. Citigroup downgraded Eagle Materials Inc. (NYSE:EXP) on Monday, December 5 to “Neutral” rating. The firm earned “Buy” rating on Friday, October 23 by Stifel Nicolaus. The stock of Eagle Materials Inc. (NYSE:EXP) earned “Buy” rating by Longbow on Friday, March 23. The firm has “Buy” rating given on Monday, July 31 by Standpoint Research. The stock of Eagle Materials Inc. (NYSE:EXP) has “Buy” rating given on Wednesday, December 6 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of EXP in report on Wednesday, January 31 with “Buy” rating. The firm has “Neutral” rating by Goldman Sachs given on Friday, November 20. Stifel Nicolaus maintained Eagle Materials Inc. (NYSE:EXP) rating on Wednesday, August 5. Stifel Nicolaus has “Buy” rating and $93 target.

Since October 26, 2017, it had 0 buys, and 4 sales for $3.28 million activity. On Thursday, October 26 the insider ESSL GERALD J sold $856,905. On Friday, October 27 the insider Devlin William R sold $768,581. 8,198 shares were sold by Graass James H, worth $881,721. Haack Michael sold 6,731 shares worth $774,065.

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.08, from 1.05 in 2017Q3. It is positive, as 23 investors sold EXP shares while 99 reduced holdings. 47 funds opened positions while 91 raised stakes. 45.84 million shares or 4.15% more from 44.01 million shares in 2017Q3 were reported. Thrivent Fincl For Lutherans accumulated 19,708 shares. Janney Montgomery Scott has invested 0.01% of its portfolio in Eagle Materials Inc. (NYSE:EXP). Amalgamated Bancshares stated it has 9,879 shares. The Ontario – Canada-based Manufacturers Life Insur The has invested 0.01% in Eagle Materials Inc. (NYSE:EXP). Lodge Hill Capital Limited accumulated 447,930 shares. Westpac Corporation reported 30,840 shares or 0.08% of all its holdings. 228 were reported by Knott David M. State Of Alaska Department Of Revenue accumulated 3,400 shares. Ahl Partners Llp reported 32,953 shares stake. Rhumbline Advisers accumulated 114,248 shares. Gates Capital Mngmt has invested 2.12% in Eagle Materials Inc. (NYSE:EXP). Finance Architects accumulated 42 shares. Balyasny Asset Ltd Llc has invested 0% in Eagle Materials Inc. (NYSE:EXP). New Mexico Educational Retirement Board holds 12,049 shares or 0.05% of its portfolio. First Tru LP holds 0.02% or 91,681 shares.

Castleark Management Llc decreased Abiomed Inc (NASDAQ:ABMD) stake by 59,917 shares to 280,044 valued at $52.48M in 2017Q4. It also reduced Emerge Energy Svcs Lp (NYSE:EMES) stake by 94,300 shares and now owns 99,118 shares. Powershares Qqq Trust (QQQ) was reduced too.

Eagle Materials Inc. (NYSE:EXP) Institutional Positions Chart

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OceanFirst Financial Corp. (OCFC) Holding Trimmed by Wedge Capital Management LLP NC

Quantum Capital Management LLC NJ acquired a new position in OceanFirst Financial Corp. during the third quarter worth approximately $201,000. AQR Capital Management LLC acquired a new position in OceanFirst Financial Corp. during the fourth quarter worth approximately $205,000.

Wedge Capital Management L L P NC decreased its position in OceanFirst Financial Corp. (NASDAQ:OCFC) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 504,358 shares of the savings and loans company’s stock after selling 17,052 shares during the period. Wedge Capital Management L L P NC’s holdings in OceanFirst Financial Corp. were worth $14,210,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Quantum Capital Management LLC NJ acquired a new position in OceanFirst Financial Corp. during the third quarter worth approximately $201,000. AQR Capital Management LLC acquired a new position in OceanFirst Financial Corp. during the fourth quarter worth approximately $205,000. First Republic Investment Management Inc. acquired a new position in OceanFirst Financial Corp. during the fourth quarter worth approximately $300,000. Emerald Advisers Inc. PA acquired a new position in OceanFirst Financial Corp. during the third quarter worth approximately $337,000. Finally, Highbridge Capital Management LLC acquired a new position in OceanFirst Financial Corp. during the fourth quarter worth approximately $394,000. 55.62% of the stock is currently owned by institutional investors and hedge funds.

OceanFirst Financial Corp. (NASDAQ:OCFC) traded down 0.46% during trading on Friday, reaching $28.10. 83,367 shares of the company’s stock traded hands. The stock has a market cap of $896.39 million, a price-to-earnings ratio of 25.20 and a beta of 0.59. The company’s 50 day moving average is $27.79 and its 200-day moving average is $26.91. OceanFirst Financial Corp. has a 52-week low of $16.77 and a 52-week high of $30.70.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Monday, May 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 4th. This is a boost from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 2.14%. OceanFirst Financial Corp.’s dividend payout ratio is currently 61.22%.

OCFC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $32.00 price target on shares of OceanFirst Financial Corp. in a research report on Wednesday. Zacks Investment Research lowered shares of OceanFirst Financial Corp. from a “strong-buy” rating to a “hold” rating in a report on Friday. Finally, Sandler O’Neill lowered shares of OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a report on Monday, January 30th.

In other news, Director Michael D. Devlin sold 4,801 shares of the company’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $29.72, for a total transaction of $142,685.72. Following the sale, the director now directly owns 129,614 shares in the company, valued at $3,852,128.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John R. Garbarino sold 3,000 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $29.00, for a total value of $87,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,642 shares of company stock worth $4,222,224. Company insiders own 11.10% of the company’s stock.

OceanFirst Financial Corp. Company Profile

OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.

Want to see what other hedge funds are holding OCFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OceanFirst Financial Corp. (NASDAQ:OCFC).

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Two Sigma Investments LP Acquires Shares of 29834 PJT Partners (PJT)

Two Sigma Investments LP acquired a new position in PJT Partners (NYSE:PJT) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 29,834 shares of the financial services provider’s stock, valued at approximately $1,360,000. Two Sigma Investments LP owned …

PJT Partners logoTwo Sigma Investments LP acquired a new position in PJT Partners (NYSE:PJT) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 29,834 shares of the financial services provider’s stock, valued at approximately $1,360,000. Two Sigma Investments LP owned about 0.16% of PJT Partners as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PJT. Maltese Capital Management LLC grew its position in shares of PJT Partners by 395.4% in the 3rd quarter. Maltese Capital Management LLC now owns 204,292 shares of the financial services provider’s stock worth $7,826,000 after buying an additional 163,056 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of PJT Partners in the 4th quarter valued at approximately $5,604,000. Dimensional Fund Advisors LP lifted its stake in shares of PJT Partners by 68.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 208,047 shares of the financial services provider’s stock valued at $7,970,000 after purchasing an additional 84,881 shares during the period. University of Notre Dame DU Lac lifted its stake in shares of PJT Partners by 46.9% in the 4th quarter. University of Notre Dame DU Lac now owns 181,949 shares of the financial services provider’s stock valued at $8,297,000 after purchasing an additional 58,091 shares during the period. Finally, Prudential Financial Inc. purchased a new position in shares of PJT Partners in the 3rd quarter valued at approximately $2,123,000. Hedge funds and other institutional investors own 59.03% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of research firms have recently commented on PJT. Sandler O’Neill cut PJT Partners from a “buy” rating to a “hold” rating and set a $57.00 target price for the company. in a research note on Thursday, April 12th. They noted that the move was a valuation call. Zacks Investment Research cut PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Bank of America raised their target price on PJT Partners from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 12th. Finally, Buckingham Research began coverage on PJT Partners in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $54.80.

In other PJT Partners news, General Counsel James W. Cuminale sold 2,816 shares of PJT Partners stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $48.05, for a total transaction of $135,308.80. Following the completion of the transaction, the general counsel now owns 49,502 shares in the company, valued at $2,378,571.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.01% of the stock is currently owned by insiders.

PJT opened at $54.40 on Friday. The company has a market capitalization of $1,022.20, a PE ratio of 35.32 and a beta of 0.36. PJT Partners has a 52 week low of $34.11 and a 52 week high of $55.13.

PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.12. The business had revenue of $190.55 million during the quarter. PJT Partners had a positive return on equity of 319.40% and a negative net margin of 6.52%. analysts expect that PJT Partners will post 2.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Tuesday, March 6th. PJT Partners’s payout ratio is 12.99%.

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PJT Partners Profile

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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Two Sigma Investments LP Has $1.44 Million Holdings in National General Holdings (NGHC)

Two Sigma Investments LP lessened its position in shares of National General Holdings (NASDAQ:NGHC) by 55.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,096 shares of the insurance provider’s …

National General logoTwo Sigma Investments LP lessened its position in shares of National General Holdings (NASDAQ:NGHC) by 55.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,096 shares of the insurance provider’s stock after selling 89,623 shares during the period. Two Sigma Investments LP owned about 0.07% of National General worth $1,436,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NGHC. Comerica Bank lifted its holdings in shares of National General by 49.2% in the 3rd quarter. Comerica Bank now owns 15,257 shares of the insurance provider’s stock worth $310,000 after purchasing an additional 5,031 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of National General by 23.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 47,509 shares of the insurance provider’s stock worth $908,000 after purchasing an additional 9,006 shares during the last quarter. SG Americas Securities LLC acquired a new stake in National General in the 3rd quarter valued at approximately $134,000. American International Group Inc. increased its position in National General by 8.1% in the 3rd quarter. American International Group Inc. now owns 32,926 shares of the insurance provider’s stock valued at $629,000 after acquiring an additional 2,462 shares during the period. Finally, Legal & General Group Plc increased its position in National General by 34.6% in the 3rd quarter. Legal & General Group Plc now owns 22,746 shares of the insurance provider’s stock valued at $433,000 after acquiring an additional 5,849 shares during the period. 46.87% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

In related news, COO Peter A. Rendall sold 6,637 shares of National General stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $24.31, for a total transaction of $161,345.47. Following the completion of the sale, the chief operating officer now owns 17 shares of the company’s stock, valued at $413.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Thomas Newgarden sold 5,084 shares of National General stock in a transaction on Monday, March 5th. The shares were sold at an average price of $24.26, for a total value of $123,337.84. Following the sale, the executive vice president now directly owns 4,766 shares of the company’s stock, valued at approximately $115,623.16. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Several analysts recently commented on NGHC shares. Zacks Investment Research upgraded National General from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research report on Saturday, January 6th. Mizuho lifted their price target on National General from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, March 21st. B. Riley lifted their price target on National General from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, March 21st. BidaskClub upgraded National General from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 22nd. Finally, ValuEngine cut National General from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. National General presently has a consensus rating of “Hold” and a consensus price target of $27.50.

Shares of NASDAQ NGHC opened at $25.51 on Friday. The firm has a market capitalization of $2,645.47, a P/E ratio of 22.74 and a beta of 0.93. National General Holdings has a 52-week low of $16.21 and a 52-week high of $25.75.

National General (NASDAQ:NGHC) last issued its earnings results on Monday, February 26th. The insurance provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. National General had a return on equity of 7.10% and a net margin of 1.67%. National General’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. analysts anticipate that National General Holdings will post 2.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Monday, April 2nd were given a $0.04 dividend. The ex-dividend date was Thursday, March 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. National General’s dividend payout ratio (DPR) is presently 14.68%.

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About National General

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States. The company operates in two segments, Property and Casualty, and Accident and Health. The Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

Institutional Ownership by Quarter for National General (NASDAQ:NGHC)

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